Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) saw some unusual options trading activity on Thursday. Stock traders bought 41,401 call options on the stock. This is an increase of approximately 387% compared to the typical daily volume of 8,501 call options.
Royal Caribbean Cruises Stock Performance
Shares of RCL stock traded down $2.54 on Thursday, reaching $237.76. The stock had a trading volume of 987,854 shares, compared to its average volume of 2,322,313. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $258.70. The stock has a market cap of $63.93 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 0.65 and a beta of 2.60. The company has a 50 day simple moving average of $230.21 and a 200 day simple moving average of $187.29.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company's revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.85 EPS. Equities research analysts expect that Royal Caribbean Cruises will post 11.65 EPS for the current year.
Royal Caribbean Cruises Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, December 27th. Royal Caribbean Cruises's payout ratio is currently 22.61%.
Analyst Upgrades and Downgrades
RCL has been the topic of several research reports. Macquarie lifted their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Bank of America lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Finally, Truist Financial lifted their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.75.
Check Out Our Latest Report on RCL
Insider Activity at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares of the company's stock, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares of the company's stock, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 404,332 shares of company stock valued at $94,299,521. Insiders own 7.95% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in RCL. D1 Capital Partners L.P. increased its position in Royal Caribbean Cruises by 105.7% in the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock worth $241,075,000 after purchasing an additional 777,103 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock worth $72,696,000 after buying an additional 406,048 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock valued at $326,616,000 after buying an additional 400,565 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $35,038,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in Royal Caribbean Cruises by 809.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company's stock worth $27,601,000 after acquiring an additional 154,090 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.
About Royal Caribbean Cruises
(
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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