Pinnacle Associates LTD Cut Stake in Royal Caribbean Cruises LTD (RCL) by $14.07 Million

Royal Caribbean Cruises Ltd. (NYSE:RCL) LogoInvestors sentiment decreased to 0.99 in 2018 Q2. Its down 0.15, from 1.14 in 2018Q1. It fall, 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. First Citizens Fincl Bank & Tru Co has invested 0.09% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Highland Capital Lc, Tennessee-based fund reported 15,575 shares. Capital Int Sarl reported 0.27% stake. Gemmer Asset Mgmt Limited Com has 29 shares for 0% of their portfolio. Proshare Limited Liability Co invested 0.03% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Smithfield Tru has invested 0% in Royal Caribbean Cruises Ltd. (NYSE:RCL). The Colorado-based Tributary Cap Limited has invested 0.05% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Marble Harbor Counsel Ltd Co invested in 3,800 shares or 0.07% of the stock. Strategic Advsr invested 0.11% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Korea reported 489,250 shares stake. Rothschild Investment Corporation Il has 79,935 shares. Mitsubishi Ufj & holds 0.11% in Royal Caribbean Cruises Ltd. (NYSE:RCL) or 645,874 shares. Robeco Institutional Asset Bv has invested 0.04% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Us National Bank De holds 67,015 shares or 0.02% of its portfolio. Retirement System Of Alabama stated it has 0.06% in Royal Caribbean Cruises Ltd. (NYSE:RCL).

Since June 13, 2018, it had 0 insider purchases, and 3 insider sales for $3.16 million activity. Another trade for 20,000 shares valued at $2.16M was made by Fain Richard D on Wednesday, June 13. $168,179 worth of Royal Caribbean Cruises Ltd. (NYSE:RCL) shares were sold by REITAN BERNT.

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 $23.04B market cap company. The stock increased 1.02% or $1.11 during the last trading session, reaching $110.24. About 1.60 million 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 $6.31 billion and $4.86B US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 218,802 shares to 831,833 shares, valued at $26.71 million in 2018Q2, according to the filing. It also increased its holding in Helmerich & Payne Inc (NYSE:HP) by 313,569 shares in the quarter, for a total of 505,777 shares, and has risen its stake in Home Depot Inc (NYSE:HD).

Analysts await Royal Caribbean Cruises Ltd. (NYSE:RCL) to report earnings on January, 23. They expect $1.50 earnings per share, 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 earnings per share 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: Seekingalpha.com which released: “Royal Caribbean-Silversea: Too Much, Too Late – Seeking Alpha” on June 27, 2018, also Investorplace.com with their article: “3 Trashed Stocks to Buy for Fundamental Strength – Investorplace.com” published on December 05, 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. On Wednesday, September 26 the stock rating was maintained by Bank of America with “Neutral”. The rating was maintained by Citigroup with “Buy” on Friday, August 17. The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) has “Buy” rating given on Monday, September 24 by Stifel Nicolaus. The stock has “Buy” rating by Citigroup on Tuesday, October 30. On Thursday, September 6 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) has “Outperform” rating given on Monday, October 29 by Wells Fargo. The stock has “Overweight” rating by JP Morgan on Friday, June 15. The firm earned “Buy” rating on Thursday, October 18 by Nomura. Stifel Nicolaus maintained the shares of RCL in report on Tuesday, July 24 with “Buy” rating. Nomura maintained it with “Buy” rating and $152 target in Friday, October 26 report.

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

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