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 purchased 38,004 call options on the stock. This is an increase of approximately 175% compared to the typical volume of 13,797 call options.

Royal Caribbean Cruises Stock Down 2.2 %

Shares of NYSE:RCL opened at $137.41 on Wednesday. Royal Caribbean Cruises has a 52-week low of $59.37 and a 52-week high of $141.62. The stock has a market cap of $35.27 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.51 and a beta of 2.52. The business’s 50 day moving average is $125.88 and its 200 day moving average is $112.34. 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 (NYSE:RCLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the prior year, the firm earned ($1.12) earnings per share. Royal Caribbean Cruises’s revenue was up 28.0% compared to the same quarter last year. Sell-side analysts predict that Royal Caribbean Cruises will post 10.08 EPS for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the business’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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dagco Inc. bought a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $25,000. BKM Wealth Management LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter worth $26,000. Creekmur Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter worth $30,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter worth $33,000. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday. Argus boosted their target price on Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Macquarie boosted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Tigress Financial boosted their target price on Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Barclays upped their price objective on Royal Caribbean Cruises from $141.00 to $143.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $134.56.

Get Our Latest Research Report on Royal Caribbean Cruises

About Royal Caribbean Cruises

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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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