Traders Buy Large Volume of Royal Caribbean Cruises Put Options (NYSE:RCL)

Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) was the recipient of some unusual options trading on Monday. Stock investors acquired 45,925 put options on the company. This represents an increase of approximately 53% compared to the average daily volume of 29,922 put options.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RCL. Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $63.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday. Susquehanna Bancshares reduced their price target on shares of Royal Caribbean Cruises from $70.00 to $50.00 in a research report on Friday, July 29th. Susquehanna lowered their price objective on Royal Caribbean Cruises from $70.00 to $50.00 in a report on Friday, July 29th. Morgan Stanley reduced their target price on Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating on the stock in a report on Friday, July 29th. Finally, Barclays lifted their target price on Royal Caribbean Cruises from $55.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $69.69.

Institutional Trading of Royal Caribbean Cruises

Several hedge funds have recently bought and sold shares of RCL. IHT Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at approximately $294,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Royal Caribbean Cruises by 23.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 9,945 shares of the company’s stock valued at $378,000 after purchasing an additional 1,866 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Royal Caribbean Cruises in the third quarter worth about $794,000. M&T Bank Corp grew its position in Royal Caribbean Cruises by 10.3% in the 3rd quarter. M&T Bank Corp now owns 11,328 shares of the company’s stock valued at $429,000 after buying an additional 1,060 shares in the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in Royal Caribbean Cruises during the 3rd quarter valued at about $235,000. 67.41% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $58.80 on Wednesday. Royal Caribbean Cruises has a 1 year low of $31.09 and a 1 year high of $90.55. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of -4.97 and a beta of 2.40. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.27 and a current ratio of 0.29. The stock’s fifty day moving average is $49.58 and its two-hundred day moving average is $45.72.

About Royal Caribbean Cruises

(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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