Neo Ivy Capital Management Makes New Investment in Royal Caribbean Group (NYSE:RCL)

Anthony Miller 2021-03-27 10:03

Royal Caribbean Group logo Neo Ivy Capital Management acquired a new stake in shares of Royal Caribbean Group (NYSE:RCL) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,668 shares of the company’s stock, valued at approximately $125,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Alpha LLC acquired a new position in shares of Royal Caribbean Group during the third quarter valued at about $25,000. Claudia M.P. Batlle CRP R LLC acquired a new position in shares of Royal Caribbean Group during the third quarter valued at about $25,000. Jeppson Wealth Management LLC acquired a new position in shares of Royal Caribbean Group during the third quarter valued at about $26,000. Regent Peak Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Group during the fourth quarter valued at about $26,000. Finally, Tompkins Financial Corp acquired a new position in shares of Royal Caribbean Group during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 59.07% of the company’s stock.

Shares of RCL stock opened at $84.56 on Friday. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of -4.29 and a beta of 2.86. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.73 and a current ratio of 0.76. Royal Caribbean Group has a 52 week low of $22.25 and a 52 week high of $99.24. The firm’s 50-day simple moving average is $83.32 and its two-hundred day simple moving average is $73.00.

Royal Caribbean Group (NYSE:RCL) last announced its quarterly earnings data on Sunday, February 21st. The company reported ($5.02) EPS for the quarter, topping the consensus estimate of ($5.20) by $0.18. The business had revenue of $34.10 million for the quarter, compared to analyst estimates of $42.86 million. Royal Caribbean Group had a negative net margin of 24.36% and a negative return on equity of 25.20%. The company’s revenue for the quarter was down 98.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Analysts forecast that Royal Caribbean Group will post -18.31 earnings per share for the current year.

A number of research analysts have recently issued reports on RCL shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Royal Caribbean Group from $62.00 to $79.00 and gave the company a “hold” rating in a report on Tuesday, February 23rd. Morgan Stanley lifted their price objective on shares of Royal Caribbean Group from $35.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, January 8th. Truist Securities raised their price target on shares of Royal Caribbean Group from $48.00 to $68.00 in a research report on Monday, March 15th. Credit Suisse Group raised their price target on shares of Royal Caribbean Group from $76.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, February 24th. Finally, Berenberg Bank lowered shares of Royal Caribbean Group from a “hold” rating to a “sell” rating and set a $55.00 price target on the stock. in a research report on Friday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $73.20.

Royal Caribbean Group Company Profile

Royal Caribbean Group 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 19 nights.