The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) is a huge mover today! About 4.10M shares traded hands or 83.04% up from the average. Royal Caribbean Cruises Ltd (NYSE:RCL) has declined 2.08% since March 29, 2016 and is downtrending. It has underperformed by 5.55% the S&P500.
The move comes after 9 months positive chart setup for the $18.18 billion company. It was reported on Oct, 31 by Barchart.com. We have $92.62 PT which if reached, will make NYSE:RCL worth $3.64 billion more.
Royal Caribbean Cruises Ltd (NYSE:RCL) Ratings Coverage
Out of 18 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL), 13 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 72% are positive. Royal Caribbean Cruises Ltd. has been the topic of 29 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned “Outperform” rating by Wolfe Research on Wednesday, November 18. On Wednesday, August 5 the stock rating was upgraded by Zacks to “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $116 target price in Monday, December 21 report. As per Tuesday, August 4, the company rating was maintained by Argus Research. Morgan Stanley downgraded Royal Caribbean Cruises Ltd (NYSE:RCL) on Tuesday, January 5 to “Equal-Weight” rating. As per Tuesday, June 7, the company rating was initiated by Sterne Agee CRT. Argus Research maintained the stock with “Buy” rating in Tuesday, October 27 report. Bernstein initiated it with “Outperform” rating and $90 target price in Friday, September 9 report. The company was maintained on Wednesday, February 3 by Susquehanna. On Thursday, October 27 the stock rating was downgraded by JP Morgan to “Neutral”.
According to Zacks Investment Research, “Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours. Royal Celebrity Tours operates cruise tour vacations in Alaska utilizing the world’s largest glass-domed railcars.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.13, from 1.16 in 2016Q1. The ratio fall, as 68 funds sold all Royal Caribbean Cruises Ltd shares owned while 144 reduced positions. 68 funds bought stakes while 150 increased positions. They now own 152.06 million shares or 0.52% more from 151.28 million shares in 2016Q1.
The Illinois-based Cupps Capital Management Limited Company has invested 0.04% in Royal Caribbean Cruises Ltd (NYSE:RCL). Canada Pension Plan Board accumulated 0.01% or 54,500 shares. Private Advisor Limited Com last reported 0.02% of its portfolio in the stock. Jupiter Asset Mngmt has 1.31 million shares for 3.36% of their US portfolio. Vanguard Group Inc reported 15.39 million shares or 0.06% of all its holdings. The Illinois-based Ariel Investments Limited Company has invested 0.88% in Royal Caribbean Cruises Ltd (NYSE:RCL). Bnp Paribas Arbitrage Sa holds 0.05% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 156,645 shares. Cambridge Inv Rech Advsr Incorporated accumulated 0.01% or 4,509 shares. Nippon Life has 0.02% invested in the company for 9,191 shares. Creative Planning accumulated 3,894 shares or 0% of the stock. Ubs Asset Mgmt Americas Incorporated accumulated 0.04% or 510,589 shares. Chevy Chase Inc has 143,420 shares for 0.05% of their US portfolio. State Board Of Administration Of Florida Retirement Systems accumulated 260,729 shares or 0.06% of the stock. Barclays Plc has 0.01% invested in the company for 124,965 shares. The New Jersey-based Abner Herrman & Brock Ltd Liability Co has invested 1.37% in Royal Caribbean Cruises Ltd (NYSE:RCL).
Insider Transactions: Since August 3, 2016, the stock had 2 buys, and 2 selling transactions for $706,116 net activity. Bayley Michael W sold 12,183 shares worth $865,864. 1,100 shares were bought by Sorensen Vagn O, worth $77,550 on Thursday, August 18. Lutoff-Perlo Lisa also sold $505,555 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) shares. The insider Fain Richard D bought $2.00M.
More news for Royal Caribbean Cruises Ltd (NYSE:RCL) were recently published by: Reuters.com, which released: “BRIEF-Royal Caribbean Cruises Ltd Q3 adjusted EPS $3.20” on October 28, 2016. Prnewswire.com‘s article titled: “Royal Caribbean To Hold Conference Call On Third Quarter 2016 Earnings” and published on October 21, 2016 is yet another important article.
RCL Company Profile
Royal Caribbean Cruises Ltd., incorporated on July 23, 1985, is a cruise company. The Firm owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. Together, these brands operate approximately 44 ships in the cruise vacation industry with an aggregate capacity of approximately 110,900 berths. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all the continents.
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