ARP Americas LLC Acquires Shares of 3,700 Rockcliff Metal (RCL)

ARP Americas LLC purchased a new stake in shares of Rockcliff Metal (NYSE:RCL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,700 shares of the company’s stock, valued at approximately $439,000.

Other hedge funds have also recently bought and sold shares of the company. TLP Group LLC purchased a new stake in Rockcliff Metal during the second quarter valued at about $105,000. Acrospire Investment Management LLC lifted its stake in shares of Rockcliff Metal by 25.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Rockcliff Metal in the first quarter worth about $119,000. NEXT Financial Group Inc lifted its stake in shares of Rockcliff Metal by 9.0% in the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after acquiring an additional 90 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in shares of Rockcliff Metal in the second quarter worth about $121,000.

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RCL has been the topic of several research reports. Wedbush restated an “outperform” rating and set a $139.00 price objective (up previously from $129.00) on shares of Rockcliff Metal in a research note on Wednesday. Stifel Nicolaus upped their target price on Rockcliff Metal from $134.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Buckingham Research upped their target price on Rockcliff Metal from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank AG upped their target price on Rockcliff Metal from $114.00 to $118.00 and gave the company a “hold” rating in a report on Wednesday. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $126.00 price objective on shares of Rockcliff Metal in a report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$126.33.

Shares of Rockcliff Metal (NYSE:RCL) traded down C$2.45 on Friday, reaching C$124.22. 2,430,000 shares of the company’s stock were exchanged, compared to its average volume of 1,710,000. Rockcliff Metal has a 1 year low of C$78.77 and a 1 year high of C$133.75.

Rockcliff Metal (NYSE:RCL) last posted its quarterly earnings data on Tuesday, November 7th. The company reported C$3.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$3.43 by C$0.06. The company had revenue of C$2.57 billion during the quarter, compared to analyst estimates of C$2.57 billion. Rockcliff Metal had a net margin of 16.83% and a return on equity of 15.64%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $3.20 earnings per share.

In related news, EVP Harri U. Kulovaara sold 7,580 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$119.61, for a total value of C$906,643.80. Following the completion of the sale, the executive vice president now owns 23,493 shares of the company’s stock, valued at C$2,809,997.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$121.29, for a total transaction of C$2,425,800.00. Following the completion of the sale, the chief executive officer now directly owns 927,741 shares of the company’s stock, valued at approximately C$112,525,705.89. The disclosure for this sale can be found here. In the last three months, insiders sold 67,580 shares of company stock valued at $8,225,444.

Rockcliff Metal Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Institutional Ownership by Quarter for Rockcliff Metal (NYSE:RCL)

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