As Royal Caribbean Cruises LTD (RCL) Market Valuation Rose, Pinnacle Associates LTD Has Trimmed Stake by $14.07 Million

Royal Caribbean Cruises Ltd. (NYSE:RCL) LogoInvestors sentiment decreased to 0.99 in Q2 2018. Its down 0.15, from 1.14 in 2018Q1. It worsened, as 70 investors sold RCL shares while 176 reduced holdings. 69 funds opened positions while 175 raised stakes. 142.37 million shares or 1.46% less from 144.48 million shares in 2018Q1 were reported. Delphi Mgmt Ma invested in 1.46% or 21,063 shares. Tributary Cap Mgmt Ltd Com accumulated 7,150 shares. Azimuth Capital Management Ltd Limited Liability Company has 72,315 shares. Eaton Vance Mngmt holds 42,988 shares. Moreover, Pggm Investments has 0.12% invested in Royal Caribbean Cruises Ltd. (NYSE:RCL). Neuberger Berman Limited Co reported 8,413 shares. Geode Cap Mgmt Ltd Liability Company reported 2.08M shares. Amp Capital owns 64,424 shares. American Century Cos owns 1.97M shares. Captrust Finance Advisors invested 0% of its portfolio in Royal Caribbean Cruises Ltd. (NYSE:RCL). Roanoke Asset Management New York reported 2.22% of its portfolio in Royal Caribbean Cruises Ltd. (NYSE:RCL). Quantbot Technologies Limited Partnership owns 33,541 shares for 0.24% of their portfolio. Commerce National Bank & Trust has 4,746 shares. Advisor Prtn Limited Liability Corporation reported 2,849 shares. Everence Cap Management Incorporated holds 2,560 shares.

Since June 13, 2018, it had 0 insider purchases, and 3 selling transactions for $3.16 million activity. The insider Kulovaara Harri U sold 6,600 shares worth $828,652. REITAN BERNT sold $168,179 worth of Royal Caribbean Cruises Ltd. (NYSE:RCL) on Monday, November 19.

Pinnacle Associates Ltd decreased its stake in Royal Caribbean Cruises Ltd (RCL) by 12.67% based on its latest 2018Q2 regulatory filing with the SEC. Pinnacle Associates Ltd sold 136,621 shares as the company’s stock rose 14.56% with the market. The institutional investor held 942,103 shares of the marine transportation company at the end of 2018Q2, valued at $97.60 million, down from 1.08M 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 $23.04 billion market cap company. The stock increased 1.02% or $1.11 during the last trading session, reaching $110.24. About 1.60M shares traded. Royal Caribbean Cruises Ltd. (NYSE:RCL) has risen 1.68% since December 7, 2017 and is uptrending. It has underperformed by 13.94% the S&P500.

Pinnacle Associates Ltd, which manages about $6.31B and $4.86B US Long portfolio, upped its stake in Cyrusone Inc (NASDAQ:CONE) by 161,961 shares to 863,790 shares, valued at $50.41 million in 2018Q2, according to the filing. It also increased its holding in Groupon Inc (NASDAQ:GRPN) by 3.54M shares in the quarter, for a total of 4.08M shares, and has risen its stake in Helmerich & Payne Inc (NYSE:HP).

Analysts await Royal Caribbean Cruises Ltd. (NYSE:RCL) to report earnings on January, 23. They expect $1.50 EPS, up 11.94 % or $0.16 from last year’s $1.34 per share. RCL’s profit will be $313.50 million for 18.37 P/E if the $1.50 EPS becomes a reality. After $3.98 actual EPS reported by Royal Caribbean Cruises Ltd. for the previous quarter, Wall Street now forecasts -62.31 % negative EPS growth.

More notable recent Royal Caribbean Cruises Ltd. (NYSE:RCL) news were published by: Benzinga.com which released: “Royal Caribbean Sailing Higher After Upgrade (NYSE:RCL) – Benzinga” on August 29, 2018, also Seekingalpha.com with their article: “Profit guidance from Royal Caribbean short of consensus – Seeking Alpha” published on October 25, 2018, Globenewswire.com published: “Report: Developing Opportunities within Unifirst, Royal Caribbean Cruises, Albemarle, Tableau Software, Huami, and Johnson & Johnson — Future Expectations, Projections Moving into 2018 – GlobeNewswire” on November 30, 2018. More interesting news about Royal Caribbean Cruises Ltd. (NYSE:RCL) were released by: Investorplace.com and their article: “7 High-Yield Dividend Stocks Worth Buying Now – Investorplace.com” published on November 29, 2018 as well as Bizjournals.com‘s news article titled: “Celebrity Edge arrives at Port Everglades (Photos) – South Florida Business Journal” with publication date: November 20, 2018.

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

Among 10 analysts covering Royal Caribbean Cruises (NYSE:RCL), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Royal Caribbean Cruises has $165 highest and $104 lowest target. $140.30’s average target is 27.27% above currents $110.24 stock price. Royal Caribbean Cruises had 13 analyst reports since June 15, 2018 according to SRatingsIntel. Wells Fargo maintained it with “Outperform” rating and $145 target in Monday, October 29 report. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, August 29 report. As per Thursday, October 18, the company rating was maintained by Nomura. The stock has “Buy” rating by Citigroup on Friday, August 17. Stifel Nicolaus maintained the shares of RCL in report on Tuesday, July 24 with “Buy” rating. The company was maintained on Tuesday, October 30 by Citigroup. Bank of America maintained the shares of RCL in report on Wednesday, September 26 with “Neutral” rating. Macquarie Research maintained the stock with “Neutral” rating in Friday, October 26 report. The firm has “Overweight” rating by JP Morgan given on Friday, June 15. The rating was maintained by Nomura on Friday, October 26 with “Buy”.

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

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