Quantbot Technologies Lp adds Royal Caribbean Cruises Ltd (RCL) to its portfolio

Royal Caribbean Cruises Ltd (RCL) : Quantbot Technologies Lp added new position in Royal Caribbean Cruises Ltd during the most recent quarter end. The investment management firm now holds 97,730 shares of Royal Caribbean Cruises Ltd which is valued at $6,720,892 , the company said in a statement filed on Aug 2, 2016 with the SEC.Royal Caribbean Cruises Ltd makes up approximately 0.69% of Quantbot Technologies Lp’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc boosted its stake in RCL in the latest quarter, The investment management firm added 234 additional shares and now holds a total of 16,592 shares of Royal Caribbean Cruises Ltd which is valued at $1,141,032. Royal Caribbean Cruises Ltd makes up approx 0.04% of World Asset Management Inc’s portfolio.Retirement Systems Of Alabama boosted its stake in RCL in the latest quarter, The investment management firm added 60,791 additional shares and now holds a total of 432,356 shares of Royal Caribbean Cruises Ltd which is valued at $31,674,401. Royal Caribbean Cruises Ltd makes up approx 0.18% of Retirement Systems Of Alabama’s portfolio. Terra Nova Asset Management sold out all of its stake in RCL during the most recent quarter. The investment firm sold 13,445 shares of RCL which is valued $984,981. Eastern Bank added RCL to its portfolio by purchasing 99,419 company shares during the most recent quarter which is valued at $7,062,726. Royal Caribbean Cruises Ltd makes up approx 0.55% of Eastern Bank’s portfolio.

Royal Caribbean Cruises Ltd closed down -0.5 points or -0.67% at $73.98 with 14,84,913 shares getting traded on Monday. Post opening the session at $74.5, the shares hit an intraday low of $73.73 and an intraday high of $75.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Royal Caribbean Cruises Ltd reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.02. The company had revenue of $2105.30 million for the quarter, compared to analysts expectations of $2167.28 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Royal Caribbean Cruises Ltd. Shares were Reiterated by Stifel on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 94 from a previous price target of $99 .Sterne Agee CRT Initiated Royal Caribbean Cruises Ltd on Jun 7, 2016 to “Neutral”, Price Target of the shares are set at $83.Shares were Reiterated by Morgan Stanley on May 26, 2016 to “Equal-Weight” and Lowered the Price Target to $ 80 from a previous price target of $99 .

Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands such as Royal Caribbean International Celebrity Cruises Pullmantur Azamara Club Cruises CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105750 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries including Alaska Asia Australia Bahamas Bermuda Canada the Caribbean Europe the Panama Canal South America and New Zealand. Celebrity Cruises offers a variety of itineraries including Alaska Asia Australia Bermuda Canada the Caribbean Europe Hawaii New Zealand the Panama Canal and South America.

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