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

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

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock traded down $0.11 during trading on Monday, reaching $58.58. The company’s stock had a trading volume of 93,717 shares, compared to its average volume of 5,811,367. The business’s 50-day moving average price is $49.12 and its 200-day moving average price is $45.90. The firm has a market cap of $14.95 billion, a PE ratio of -4.89 and a beta of 2.40. Royal Caribbean Cruises has a 52 week low of $31.09 and a 52 week high of $90.55. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 6.05.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently bought and sold shares of RCL. Capital World Investors lifted its position in Royal Caribbean Cruises by 1,314.9% during the first quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock worth $231,152,000 after purchasing an additional 2,564,035 shares during the period. Primecap Management Co. CA lifted its position in Royal Caribbean Cruises by 29.8% during the third quarter. Primecap Management Co. CA now owns 6,776,061 shares of the company’s stock worth $256,813,000 after purchasing an additional 1,554,600 shares during the period. Capital International Investors lifted its position in Royal Caribbean Cruises by 5.6% during the first quarter. Capital International Investors now owns 28,886,916 shares of the company’s stock worth $2,419,663,000 after purchasing an additional 1,524,412 shares during the period. Neuberger Berman Group LLC raised its stake in Royal Caribbean Cruises by 31.8% during the first quarter. Neuberger Berman Group LLC now owns 3,232,746 shares of the company’s stock worth $270,748,000 after acquiring an additional 779,704 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in Royal Caribbean Cruises by 118.4% during the first quarter. APG Asset Management N.V. now owns 1,255,289 shares of the company’s stock worth $94,520,000 after acquiring an additional 680,624 shares in the last quarter. Institutional investors own 67.41% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Monday. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, September 19th. Truist Financial reduced their price objective on shares of Royal Caribbean Cruises from $65.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, September 20th. Credit Suisse Group reduced their price objective on shares of Royal Caribbean Cruises from $135.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Finally, Morgan Stanley reduced their price objective on shares of Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating for the company in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.38.

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, 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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