Aigen Investment Management LP Buys 12,625 Shares of Royal Caribbean Cruises Ltd (NYSE:RCL)

25 May 2020, 14:00 by Mitch Edgeman

Aigen Investment Management LP lifted its stake in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) by 1,566.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,431 shares of the company’s stock after acquiring an additional 12,625 shares during the quarter. Aigen Investment Management LP’s holdings in Royal Caribbean Cruises were worth $432,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RCL. Capital International Investors boosted its stake in shares of Royal Caribbean Cruises by 158.9% during the 4th quarter. Capital International Investors now owns 8,565,820 shares of the company’s stock worth $1,143,623,000 after acquiring an additional 5,256,795 shares in the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $243,487,000. Calamos Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 91.5% during the 1st quarter. Calamos Advisors LLC now owns 689,048 shares of the company’s stock worth $22,167,000 after acquiring an additional 329,220 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Royal Caribbean Cruises by 130.0% during the 4th quarter. Janus Henderson Group PLC now owns 430,416 shares of the company’s stock worth $57,468,000 after acquiring an additional 243,292 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Royal Caribbean Cruises by 58,856.7% during the 4th quarter. Captrust Financial Advisors now owns 241,133 shares of the company’s stock worth $32,655,000 after acquiring an additional 240,724 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

Several research firms recently weighed in on RCL. Wells Fargo & Co reissued an “overweight” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, May 5th. Wedbush reissued a “buy” rating and set a $63.00 price objective on shares of Royal Caribbean Cruises in a research report on Monday, May 18th. UBS Group cut their price objective on Royal Caribbean Cruises from $110.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Argus cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Bank of America cut Royal Caribbean Cruises from a “neutral” rating to an “underperform” rating and set a $25.00 price objective for the company. in a research report on Tuesday, March 17th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $89.17.

Shares of RCL opened at $43.14 on Monday. Royal Caribbean Cruises Ltd has a 1 year low of $19.25 and a 1 year high of $135.32. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of 1.26. The stock has a 50 day simple moving average of $36.96 and a 200-day simple moving average of $87.98. The stock has a market cap of $9.03 billion, a PE ratio of 51.36 and a beta of 2.48.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Wednesday, May 20th. The company reported ($1.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.85). The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Royal Caribbean Cruises had a return on equity of 12.34% and a net margin of 1.75%. The company’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd will post -6.29 EPS for the current fiscal year.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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.