Traders Purchase Large Volume of Royal Caribbean Cruises Call Options (NYSE:RCL)

Royal Caribbean Cruises Ltd. (NYSE:RCLGet Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 38,004 call options on the stock. This is an increase of 175% compared to the average volume of 13,797 call options.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. West Branch Capital LLC boosted its position in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Toth Financial Advisory Corp boosted its position in Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after purchasing an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Royal Caribbean Cruises by 14.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company’s stock worth $119,000 after purchasing an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in Royal Caribbean Cruises by 2.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock worth $584,000 after purchasing an additional 128 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 2.2 %

Shares of NYSE:RCL opened at $137.41 on Wednesday. The stock has a market cap of $35.27 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 0.51 and a beta of 2.52. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises has a 12-month low of $59.37 and a 12-month high of $141.62. The business’s 50 day moving average is $125.88 and its 200 day moving average is $112.34.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last announced its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. Royal Caribbean Cruises’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.12) earnings per share. On average, sell-side analysts forecast that Royal Caribbean Cruises will post 10.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RCL shares. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Barclays lifted their target price on Royal Caribbean Cruises from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Finally, Tigress Financial lifted their target price on Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.56.

Get Our Latest Stock Analysis on RCL

About Royal Caribbean Cruises

(Get Free Report)

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.

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