Royal Caribbean Cruises LTD (RCL) Shares Declined While Pinnacle Associates LTD Has Decreased Its Stake

May 26, 2018 - By Migdalia James

Royal Caribbean Cruises Ltd. (NYSE:RCL) LogoInvestors sentiment increased to 1.32 in Q4 2017. Its up 0.07, from 1.25 in 2017Q3. It increased, as 38 investors sold RCL shares while 175 reduced holdings. 85 funds opened positions while 197 raised stakes. 153.74 million shares or 0.36% more from 153.19 million shares in 2017Q3 were reported. Cleararc invested in 4,377 shares. Baltimore reported 1.77% in Royal Caribbean Cruises Ltd. (NYSE:RCL). 4,224 were accumulated by Ibm Retirement Fund. Ww reported 1.51 million shares. The Massachusetts-based State Street has invested 0.07% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Live Your Vision Limited Liability Company has 200 shares for 0.01% of their portfolio. Beach Investment Management Lc owns 9,570 shares for 1.75% of their portfolio. City Company owns 42 shares for 0% of their portfolio. Morgan Stanley owns 700,830 shares. Disciplined Growth Invsts Mn owns 2.52% invested in Royal Caribbean Cruises Ltd. (NYSE:RCL) for 1.07M shares. Aperio Limited Liability has invested 0.04% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Bb&T Corp owns 61,178 shares or 0.14% of their US portfolio. First United State Bank owns 12,877 shares for 1% of their portfolio. 218,232 were reported by Hermes. 6,405 were accumulated by Amica Pension Fund Board Of Trustees.

Since December 13, 2017, it had 0 insider buys, and 12 sales for $23.45 million activity. 20,000 shares were sold by Fain Richard D, worth $2.57M. Shares for $996,208 were sold by Lutoff-Perlo Lisa. Another trade for 19,060 shares valued at $2.50 million was sold by Bayley Michael W.

Pinnacle Associates Ltd decreased its stake in Royal Caribbean Cruises Ltd (RCL) by 8.76% based on its latest 2017Q4 regulatory filing with the SEC. Pinnacle Associates Ltd sold 108,057 shares as the company’s stock declined 2.28% with the market. The institutional investor held 1.12M shares of the marine transportation company at the end of 2017Q4, valued at $134.17 million, down from 1.23 million at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Royal Caribbean Cruises Ltd for a number of months, seems to be less bullish one the $23.25B market cap company. The stock increased 2.91% or $3.1 during the last trading session, reaching $109.8. About 2.52M shares traded or 47.72% up from the average. Royal Caribbean Cruises Ltd. (NYSE:RCL) has risen 19.16% since May 26, 2017 and is uptrending. It has outperformed by 7.61% the S&P500.

Pinnacle Associates Ltd, which manages about $6.31 billion and $5.20B US Long portfolio, upped its stake in Delta Air Lines Inc Del (NYSE:DAL) by 150,079 shares to 228,217 shares, valued at $12.78M in 2017Q4, according to the filing.

Analysts await Royal Caribbean Cruises Ltd. (NYSE:RCL) to report earnings on August, 7. They expect $1.88 earnings per share, up 9.94 % or $0.17 from last year’s $1.71 per share. RCL’s profit will be $398.09M for 14.60 P/E if the $1.88 EPS becomes a reality. After $1.09 actual earnings per share reported by Royal Caribbean Cruises Ltd. for the previous quarter, Wall Street now forecasts 72.48 % EPS growth.

More notable recent Royal Caribbean Cruises Ltd. (NYSE:RCL) news were published by: Streetinsider.com which released: “Royal Caribbean Cruises (RCL) Declares $0.60 Quarterly Dividend; Approves $1B Buyback” on May 09, 2018, also Investorplace.com with their article: “7 Hotel Stocks to Buy Ranked From Best to Worst” published on May 10, 2018, Seekingalpha.com published: “Royal Caribbean: ‘You’ve Got Some Royal Millennials Coming'” on May 05, 2018. More interesting news about Royal Caribbean Cruises Ltd. (NYSE:RCL) were released by: Seekingalpha.com and their article: “Valeant Pharmaceuticals Can Still Go Higher – Cramer’s Lightning Round (5/21/18)” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Royal Caribbean: Lower Risk But Also Less Reward” with publication date: May 15, 2018.

Royal Caribbean Cruises Ltd. (NYSE:RCL) Ratings Coverage

Among 8 analysts covering Royal Caribbean Cruises Ltd (NYSE:RCL), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Royal Caribbean Cruises Ltd had 11 analyst reports since November 30, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 18 by Susquehanna. The rating was upgraded by Berenberg on Thursday, January 11 to “Buy”. The rating was maintained by JP Morgan with “Overweight” on Thursday, January 25. The firm has “Neutral” rating by Macquarie Research given on Thursday, November 30. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, January 24. The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) earned “Buy” rating by Wedbush on Thursday, January 25. The firm earned “Buy” rating on Thursday, January 25 by SunTrust. The rating was maintained by Susquehanna on Wednesday, April 25 with “Buy”. The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) has “Neutral” rating given on Thursday, January 25 by Bank of America. The stock has “Buy” rating by Stifel Nicolaus on Friday, April 27.

Royal Caribbean Cruises Ltd. (NYSE:RCL) Ratings Chart

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