Royal Caribbean Cruises Ltd (NYSE:RCL) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 37,606 call options on the company. This is an increase of 100% compared to the typical volume of 18,803 call options.
In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $119.69, for a total transaction of $2,393,800.00. Following the completion of the sale, the chief executive officer now directly owns 773,137 shares of the company’s stock, valued at approximately $92,536,767.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.07% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Pantheon Investment Group LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $1,650,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in Royal Caribbean Cruises by 99.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 51,985 shares of the company’s stock worth $6,941,000 after acquiring an additional 25,895 shares during the period. Franklin Resources Inc. acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth about $275,000. Norges Bank acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth about $243,487,000. Finally, Sunbelt Securities Inc. acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth about $4,139,000. Institutional investors and hedge funds own 74.98% of the company’s stock.
A number of brokerages recently weighed in on RCL. Argus cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Berenberg Bank cut shares of Royal Caribbean Cruises to a “hold” rating and set a $127.00 price target for the company. in a research report on Wednesday, February 19th. Deutsche Bank cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating and decreased their price target for the stock from $143.00 to $80.00 in a research report on Friday, February 28th. Buckingham Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $158.00 to $122.00 in a research report on Monday, February 3rd. Finally, Macquarie reiterated a “buy” rating and issued a $141.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday, February 6th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.69.
Shares of Royal Caribbean Cruises stock opened at $40.61 on Friday. The firm has a market cap of $7.20 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72. The firm’s 50-day simple moving average is $75.18 and its 200-day simple moving average is $107.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.13 and a current ratio of 0.15. Royal Caribbean Cruises has a 1 year low of $19.25 and a 1 year high of $135.32.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, February 4th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.01. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. Royal Caribbean Cruises had a net margin of 17.16% and a return on equity of 17.06%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 EPS. On average, equities analysts predict that Royal Caribbean Cruises will post 4.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a $0.78 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.68%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 32.70%.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.
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