Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) saw unusually large options trading activity on Tuesday. Investors bought 38,004 call options on the stock. This represents an increase of 175% compared to the average daily volume of 13,797 call options.
Insiders Place Their Bets
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.70% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Capital World Investors lifted its stake in Royal Caribbean Cruises by 1,314.9% in the first quarter. Capital World Investors now owns 2,759,035 shares of the company's stock valued at $231,152,000 after buying an additional 2,564,035 shares during the period. Norges Bank purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at $323,251,000. Nuveen Asset Management LLC raised its position in Royal Caribbean Cruises by 134.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,731,461 shares of the company's stock valued at $224,207,000 after buying an additional 992,616 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at $79,392,000. Finally, Vanguard Group Inc. grew its stake in Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company's stock valued at $2,295,891,000 after purchasing an additional 487,327 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.
Royal Caribbean Cruises Stock Down 2.2 %
Shares of NYSE RCL traded down $3.15 during trading hours on Tuesday, hitting $137.41. The company had a trading volume of 5,240,745 shares, compared to its average volume of 2,724,918. The stock has a market capitalization of $35.27 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 0.50 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 1-year low of $59.37 and a 1-year high of $141.62. The firm's 50 day moving average is $125.88 and its 200-day moving average is $112.34.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the firm posted ($1.12) EPS. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. On average, analysts expect that Royal Caribbean Cruises will post 10.08 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts recently commented on RCL shares. Susquehanna raised their price target on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. UBS Group raised their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Wells Fargo & Company lifted their target price on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. TheStreet upgraded shares of Royal Caribbean Cruises from a "d+" rating to a "c-" rating in a research note on Tuesday, December 5th. Finally, Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $134.56.
View Our Latest Analysis on RCL
Royal Caribbean Cruises Company Profile
(
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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