AlphaCrest Capital Management LLC Invests $800,000 in Royal Caribbean Cruises Ltd (RCL)

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AlphaCrest Capital Management LLC bought a new stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,177 shares of the company’s stock, valued at approximately $800,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RCL. Point72 Asset Management L.P. grew its stake in shares of Royal Caribbean Cruises by 317.2% during the third quarter. Point72 Asset Management L.P. now owns 1,061,455 shares of the company’s stock valued at $137,925,000 after buying an additional 807,055 shares during the last quarter. Altshuler Shaham Ltd grew its stake in shares of Royal Caribbean Cruises by 857.4% during the fourth quarter. Altshuler Shaham Ltd now owns 746,123 shares of the company’s stock valued at $72,892,000 after buying an additional 668,190 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Royal Caribbean Cruises by 804.6% during the third quarter. Royal London Asset Management Ltd. now owns 661,674 shares of the company’s stock valued at $135,938,000 after buying an additional 588,527 shares during the last quarter. Impala Asset Management LLC grew its stake in shares of Royal Caribbean Cruises by 1,081.1% during the third quarter. Impala Asset Management LLC now owns 455,747 shares of the company’s stock valued at $59,220,000 after buying an additional 417,160 shares during the last quarter. Finally, Pictet Asset Management Ltd. bought a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $52,509,000. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE RCL opened at $118.48 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $24.76 billion, a P/E ratio of 13.37, a PEG ratio of 0.87 and a beta of 1.55. Royal Caribbean Cruises Ltd has a 52-week low of $89.48 and a 52-week high of $133.60.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, January 30th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.53 earnings per share. Analysts anticipate that Royal Caribbean Cruises Ltd will post 9.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Thursday, March 7th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.36%. Royal Caribbean Cruises’s payout ratio is 31.60%.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Monday, February 4th. Wolfe Research set a $151.00 target price on Royal Caribbean Cruises and gave the company a “buy” rating in a research note on Tuesday, December 11th. Wells Fargo & Co boosted their price target on Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Monday. ValuEngine lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Finally, Tigress Financial reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus price target of $140.92.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 8,642 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $117.90, for a total transaction of $1,018,891.80. Following the completion of the sale, the executive vice president now owns 26,048 shares in the company, valued at $3,071,059.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard D. Fain bought 18,900 shares of the stock in a transaction on Thursday, December 13th. The shares were bought at an average price of $105.60 per share, with a total value of $1,995,840.00. Following the acquisition, the chief executive officer now owns 842,537 shares of the company’s stock, valued at $88,971,907.20. The disclosure for this purchase can be found here. Insiders sold 63,028 shares of company stock valued at $7,505,938 in the last quarter. 15.26% of the stock is owned by company insiders.

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Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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