Royal Caribbean and Ctrip to Kill SkySea Brand

Galtero Lara
Marcha 21, 2018

Brinker Capital Inc who had been investing in Barclays Plc for a number of months, seems to be bullish on the $51.72B market cap company. Royal Caribbean Cruises's quarterly revenue was up 5.0% on a year-over-year basis. The firm owned 337,065 shares of the company's stock after buying an additional 29,658 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Royal Caribbean Cruises by 105.3% in the 3rd quarter.

Dekabank Deutsche Girozentrale increased Prologis Inc (NYSE:PLD) stake by 10,536 shares to 122,255 valued at $7.73 million in 2017Q3. Schroder Investment Management Group boosted its position in Royal Caribbean Cruises by 39.5% during the 4th quarter. Finally, Bank of The West raised its position in shares of Royal Caribbean Cruises by 1.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,993 shares of the company's stock worth $1,659,000 after acquiring an additional 1,530 shares during the last quarter. Huntington National Bank increased its holdings in Royal Caribbean Cruises by 89.6% during the 3rd quarter.

News coverage about Royal Caribbean Cruises (NYSE:RCL) has trended somewhat positive this week, Accern Sentiment reports.

"SkySea did a lot of things right, and we're proud of their work", said Rob Zeiger, global chief communications officer for Royal Caribbean Cruises, in an email. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. The company has a market cap of $26,665.19, a PE ratio of 16.58, a PEG ratio of 0.68 and a beta of 1.13.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Wednesday, January 24th. The Dekabank Deutsche Girozentrale holds 88,834 shares with $10.84M value, down from 91,528 last quarter. Royal Caribbean Cruises Ltd. (NYSE:RCL) has risen 38.22% since March 20, 2017 and is uptrending. During the same period previous year, the business earned $1.23 EPS.

The impact of the transactions is expected to fall in a range of $0.12 to $0.15 per share in FY2018. Stockholders of record on Wednesday, March 7th will be issued a $0.60 dividend. The Mein Schiff 1 is scheduled to become the Marella Explorer in May 2018, but now the Mein Schiff 2 will remain in the German market with the former Golden Era replacing her in the United Kingdom market in 2019. The ex-dividend date of this dividend is Tuesday, March 6th. Royal Caribbean Cruises's payout ratio is 31.87%.

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Several research analysts have issued reports on RCL shares. ValuEngine downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $139.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, January 25th. Berenberg Bank raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Wells Fargo maintained it with "Buy" rating and $135.0 target in Monday, November 6 report.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm's stock in a transaction dated Tuesday, January 16th. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bradley H. Stein sold 9,071 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $124.64, for a total transaction of $1,130,609.44. The disclosure for this sale can be found here. Insiders sold 120,799 shares of company stock valued at $15,556,896 over the last quarter.

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Royal Caribbean Cruises (RCL) traded up $0.44 during mid-day trading on Tuesday, hitting $124.86. Royal Caribbean Cruises Ltd. had 66 analyst reports since August 3, 2015 according to SRatingsIntel.

Besides owning Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises, RCL is a 50% owner of TUI Cruises, a 49% shareholder in Pullmantur and, currently, it has a 36% stake in SkySea Cruises.

Royal Caribbean Cruises and Ctrip announced today that they are ending the SkySea Cruise Line joint venture.

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