November 28, 2016 - By Peter Erickson · 0 Comments
Royal Caribbean Cruises LTD (NYSE:RCL) institutional sentiment decreased to 0.99 in Q2 2016. Its down -0.04, from 1.03 in 2016Q1. The ratio dropped, as 218 institutional investors increased and opened new holdings, while 212 decreased and sold their equity positions in Royal Caribbean Cruises LTD. The institutional investors in our partner’s database now possess: 152.06 million shares, up from 151.28 million shares in 2016Q1. Also, the number of institutional investors holding Royal Caribbean Cruises LTD in their top 10 holdings decreased from 12 to 6 for a decrease of 6. Sold All: 68 Reduced: 144 Increased: 150 New Position: 68.
Royal Caribbean Cruises Ltd. is a cruise company. The company has a market cap of $17.67 billion. The Firm owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It has a 14.44 P/E ratio. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.
About 923,238 shares traded hands. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 10.69% since April 25, 2016 and is uptrending. It has outperformed by 4.68% the S&P500.
Analysts await Royal Caribbean Cruises Ltd (NYSE:RCL) to report earnings on February, 7. They expect $1.22 EPS, up 29.79% or $0.28 from last year’s $0.94 per share. RCL’s profit will be $263.12M for 16.79 P/E if the $1.22 EPS becomes a reality. After $3.20 actual EPS reported by Royal Caribbean Cruises Ltd for the previous quarter, Wall Street now forecasts -61.88% negative EPS growth.
According to Zacks Investment Research, “Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours. Royal Celebrity Tours operates cruise tour vacations in Alaska utilizing the world’s largest glass-domed railcars.”
Cranberry Lake Advisors Llc holds 14.05% of its portfolio in Royal Caribbean Cruises Ltd for 322,325 shares. Mig Capital Llc owns 460,000 shares or 6.72% of their US portfolio. Moreover, Oceanic Investment Management Ltd has 5.81% invested in the company for 182,280 shares. The New York-based Roystone Capital Management Lp has invested 5.66% in the stock. Tiger Management L.L.C., a New York-based fund reported 238,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider buys, and 7 selling transactions for $2.05 million net activity.
Ratings analysis reveals 72% of Royal Caribbean Cruises Ltd.’s analysts are positive. Out of 18 Wall Street analysts rating Royal Caribbean Cruises Ltd., 13 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $80 while the high is $116. The stock’s average target of $97.38 is 18.86% above today’s ($81.93) share price. RCL was included in 29 notes of analysts from August 3, 2015. Argus Research maintained the stock with “Buy” rating in Tuesday, August 4 report. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned “Neutral” rating by JP Morgan on Thursday, October 27. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) has “Outperform” rating given on Friday, September 9 by Bernstein. Macquarie Research initiated the shares of RCL in a report on Tuesday, October 4 with “Outperform” rating. The rating was initiated by Deutsche Bank with “Hold” on Thursday, September 29. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned “Outperform” rating by Wedbush on Wednesday, February 3. The firm has “Hold” rating given on Wednesday, August 5 by Zacks. Pareto Securities upgraded the stock to “Hold” rating in Wednesday, January 27 report. The rating was initiated by Sterne Agee CRT with “Neutral” on Tuesday, June 7. The company was maintained on Thursday, May 26 by Morgan Stanley.
Royal Caribbean Cruises Ltd., incorporated on July 23, 1985, is a cruise company. The Firm owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. Together, these brands operate approximately 44 ships in the cruise vacation industry with an aggregate capacity of approximately 110,900 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all the continents.
Another recent and important Royal Caribbean Cruises Ltd (NYSE:RCL) news was published by Prnewswire.com which published an article titled: “With a Single Cut of Steel, Celebrity Cruises has the Edge” on November 21, 2016.
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By Peter Erickson