Engineers Gate Manager LP Acquires Shares of 50,758 Royal Caribbean Cruises Ltd (RCL)

Engineers Gate Manager LP acquired a new position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 50,758 shares of the company’s stock, valued at approximately $6,017,000. Royal Caribbean Cruises makes up approximately 0.5% of Engineers Gate Manager LP’s investment portfolio, making the stock its 10th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. TLP Group LLC purchased a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $105,000. Acrospire Investment Management LLC grew its stake in Royal Caribbean Cruises by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the 3rd quarter worth approximately $119,000. Pinebridge Investments L.P. purchased a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $121,000. Finally, ClariVest Asset Management LLC purchased a new stake in Royal Caribbean Cruises in the 3rd quarter worth approximately $142,000. 73.28% of the stock is owned by institutional investors and hedge funds.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $125.70, for a total value of $2,514,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 60,000 shares of company stock worth $7,415,000 in the last quarter. 15.30% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Ltd (NYSE RCL) traded down $0.15 during trading hours on Tuesday, hitting $125.08. 1,626,100 shares of the company traded hands, compared to its average volume of 1,560,905. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. The firm has a market cap of $26,810.35, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06. Royal Caribbean Cruises Ltd has a 1-year low of $79.86 and a 1-year high of $133.75.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.20 EPS. equities research analysts forecast that Royal Caribbean Cruises Ltd will post 7.39 EPS for the current year.

Several research firms have commented on RCL. UBS reaffirmed a “buy” rating and issued a $131.00 target price (up from $112.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Macquarie cut shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Thursday, November 30th. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Wedbush reissued an “outperform” rating and set a $129.00 price objective (up from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Finally, BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $126.02.

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About Royal Caribbean Cruises

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 Royal Caribbean Cruises (NYSE:RCL)

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