Royal Caribbean Cruises Target of Unusually High Options Trading (NYSE:RCL)

Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) saw unusually large options trading activity on Monday. Traders acquired 45,925 put options on the stock. This represents an increase of 53% compared to the average volume of 29,922 put options.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Royal Caribbean Cruises from $50.00 to $48.00 in a research report on Friday, July 29th. Morgan Stanley cut their target price on Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating for the company in a research note on Friday, July 29th. Susquehanna dropped their price objective on Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. Truist Financial dropped their price objective on Royal Caribbean Cruises from $65.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, September 20th. Finally, Barclays increased their price objective on Royal Caribbean Cruises from $55.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, September 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.38.

Royal Caribbean Cruises Stock Up 0.1 %

Shares of RCL stock opened at $58.76 on Tuesday. Royal Caribbean Cruises has a 12 month low of $31.09 and a 12 month high of $90.55. The stock has a market cap of $14.99 billion, a P/E ratio of -4.97 and a beta of 2.40. The company has a current ratio of 0.29, a quick ratio of 0.27 and a debt-to-equity ratio of 6.05. The company has a 50 day simple moving average of $49.34 and a two-hundred day simple moving average of $45.80.

Institutional Trading of Royal Caribbean Cruises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp increased its stake in shares of Royal Caribbean Cruises by 10.3% in the third quarter. M&T Bank Corp now owns 11,328 shares of the company’s stock worth $429,000 after purchasing an additional 1,060 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of Royal Caribbean Cruises during the third quarter worth $235,000. Captrust Financial Advisors boosted its position in shares of Royal Caribbean Cruises by 16.0% during the third quarter. Captrust Financial Advisors now owns 8,186 shares of the company’s stock worth $310,000 after acquiring an additional 1,132 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Royal Caribbean Cruises by 2.6% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,861 shares of the company’s stock worth $298,000 after acquiring an additional 196 shares during the last quarter. Finally, Kentucky Retirement Systems lifted its position in Royal Caribbean Cruises by 3.1% during the third quarter. Kentucky Retirement Systems now owns 17,170 shares of the company’s stock valued at $651,000 after purchasing an additional 518 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Company Profile

(Get Rating)

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.

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