Institutional Heat: Jupiter Asset Management LTD Holding in Royal Caribbean Cruises LTD (RCL) Has Decreased as Stock Price Rose

Institutional Heat: Jupiter Asset Management LTD Holding in Royal Caribbean Cruises LTD (RCL) Has Decreased as Stock Price Rose

Jupiter Asset Management Ltd decreased its stake in Royal Caribbean Cruises Ltd (RCL) by 41.98% based on its latest 2016Q3 regulatory filing with the SEC. Jupiter Asset Management Ltd sold 550,000 shares as the company’s stock rose 8.45% with the market. The institutional investor held 760,131 shares of the marine transportation company at the end of 2016Q3, valued at $56.97 million, down from 1.31 million at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Royal Caribbean Cruises Ltd for a number of months, seems to be less bullish one the $18.80B market cap company. The stock is up 0.30% or $0.26 hitting $86.19, despite the negative news. About 713,225 shares traded hands. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 12.34% since June 7, 2016 and is uptrending. It has outperformed by 4.92% the S&P500.

Jupiter Asset Management Ltd, which manages about $2.65 billion US Long portfolio, upped its stake in Newmont Mining Corp 1.625000% 07/15/2017 (Prn) by 31.00 million shares to 121.50M shares, valued at $132.72 million in 2016Q3, according to the filing. It also increased its holding in Jd.Com Inc (NASDAQ:JD) by 208,100 shares in the quarter, for a total of 493,000 shares, and has risen its stake in Jpmorgan Chase & Co (NYSE:JPM).

Insitutional Activity: The institutional sentiment decreased to 0.99 in Q3 2016. Its down 0.04, from 1.03 in 2016Q2. The ratio turned negative, as 62 funds sold all RCL shares owned while 138 reduced positions. 55 funds bought stakes while 143 increased positions. They now own 148.91 million shares or 2.07% less from 152.06 million shares in 2016Q2. Mig Cap Limited Liability Company has 314,000 shares for 4.3% of their US portfolio. Calvert Mgmt holds 0.03% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 10,739 shares. Aberdeen Asset Public Uk has 0.01% invested in the company for 36,846 shares. Abner Herrman & Brock Ltd owns 82,992 shares or 1.41% of their US portfolio. Balyasny Asset Mngmt Ltd Liability Company, a Illinois-based fund reported 37,500 shares. Moreover, Eastern Bancorporation has 0.96% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 159,896 shares. Kbc Gru Nv, a Belgium-based fund reported 59,617 shares. Td Asset Mngmt accumulated 219,149 shares or 0.03% of the stock. Baltimore accumulated 1.29% or 60,310 shares. Thomas White Ltd accumulated 0.18% or 17,015 shares. State Treasurer State Of Michigan accumulated 0.03% or 58,600 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt accumulated 0.01% or 9,590 shares. Diam Ltd accumulated 0.07% or 59,205 shares. First Republic Mngmt accumulated 0.02% or 24,187 shares. Fjarde Ap accumulated 0.06% or 34,318 shares.

Insider Transactions: Since August 3, 2016, the stock had 2 insider buys, and 9 sales for $606.99 million net activity. Shares for $302.47 million were sold by Wilhelmsen Arne Alexander on Wednesday, December 14. $2.00 million worth of Royal Caribbean Cruises Ltd (NYSE:RCL) was bought by Fain Richard D. Shares for $508,702 were sold by Liberty Jason T. Stein Bradley H had sold 6,382 shares worth $486,022. Pujol Henry L also sold $577,061 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) on Wednesday, November 2. $505,555 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) was sold by Lutoff-Perlo Lisa on Friday, August 5. Another trade for 1,100 shares valued at $77,550 was bought by Sorensen Vagn O.

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 $266.11M for 17.66 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.

More notable recent Royal Caribbean Cruises Ltd (NYSE:RCL) news were published by: Prnewswire.com which released: “Heading to Zero Landfill: Royal Caribbean Cruises Ltd’s New Sustainability …” on December 19, 2016, also Prnewswire.com with their article: “Royal Caribbean Cruises Ltd. Approved To Begin Cuba Service” published on December 07, 2016, Investorplace.com published: “Trade of the Day: Royal Caribbean Cruises Ltd (RCL) Is a Double-Digit Buy” on December 28, 2016. More interesting news about Royal Caribbean Cruises Ltd (NYSE:RCL) were released by: Blogs.Wsj.com and their article: “Royal Caribbean CIO Deploys Containers to Modernize Decades-Old Reservation System” published on December 14, 2016 as well as Prnewswire.com‘s news article titled: “Awilhelmsen Announces Sale Of 3.6 Million Shares Of Royal Caribbean To …” with publication date: December 15, 2016.

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.”

Royal Caribbean Cruises Ltd (NYSE:RCL) Ratings Coverage

Out of 18 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL), 12 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 67% are positive. Royal Caribbean Cruises Ltd. has been the topic of 30 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Pareto Securities on Wednesday, January 27. The firm has “Hold” rating given on Thursday, September 29 by Deutsche Bank. Argus Research maintained the stock with “Buy” rating in Tuesday, August 4 report. On Thursday, May 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Outperform” rating by Macquarie Research given on Tuesday, October 4. Zacks upgraded Royal Caribbean Cruises Ltd (NYSE:RCL) on Wednesday, August 5 to “Hold” rating. Morgan Stanley downgraded the shares of RCL in a report on Tuesday, January 5 to “Equal-Weight” rating. Wolfe Research initiated it with “Outperform” rating and $113 target price in Wednesday, November 18 report. Sterne Agee CRT initiated the shares of RCL in a report on Tuesday, June 7 with “Neutral” rating. On Friday, September 9 the stock rating was initiated by Bernstein with “Outperform”.

RCL Company Profile

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.

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