Simplex Trading adds Royal Caribbean Cruises Ltd (RCL) to its portfolio

Royal Caribbean Cruises Ltd (RCL) : Simplex Trading added new position in Royal Caribbean Cruises Ltd during the most recent quarter end. The investment management firm now holds 11,709 shares of Royal Caribbean Cruises Ltd which is valued at $862,836 , the company said in a statement filed on Oct 7, 2016 with the SEC.Royal Caribbean Cruises Ltd makes up approximately 0.11% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants added RCL to its portfolio by purchasing 840 company shares during the most recent quarter which is valued at $62,874. Royal Caribbean Cruises Ltd makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Chevy Chase Trust Holdings reduced its stake in RCL by selling 3,308 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 140,112 shares of RCL which is valued at $10,487,383. Royal Caribbean Cruises Ltd makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RCL by selling 3,273 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 153,372 shares of RCL which is valued at $11,479,894. Royal Caribbean Cruises Ltd makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added RCL to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $1,796.

Royal Caribbean Cruises Ltd closed down -1.15 points or -1.54% at $73.69 with 17,72,653 shares getting traded on Friday. Post opening the session at $74.74, the shares hit an intraday low of $73.69 and an intraday high of $75.16 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Royal Caribbean Cruises Ltd was Initiated by Macquarie to “Outperform” on Oct 4, 2016. 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 .

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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