Royal Caribbean Cruises Ltd on Focus After Bearish Options Activity

 Royal Caribbean Cruises Ltd on Focus After Bearish Options Activity

In today’s session Royal Caribbean Cruises Ltd (RCL) recorded an unusually high (562) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious RCL decrease. With 562 contracts traded and 4714 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: RCL161118P00060000 closed last at: $0.64 or 42.2% up. About 2.18 million shares traded hands. 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.

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. $116 is the highest target while $80 is the lowest. The $97.38 average target is 26.34% above today’s ($77.08) stock price. 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) has “Positive” rating given on Wednesday, February 3 by Susquehanna. The company was initiated on Tuesday, June 7 by Sterne Agee CRT. The firm has “Buy” rating given on Tuesday, April 26 by Goldman Sachs. Stifel Nicolaus maintained the shares of RCL in a report on Monday, December 21 with “Buy” rating. The stock has “Outperform” rating given by Macquarie Research on Tuesday, October 4. Bernstein initiated Royal Caribbean Cruises Ltd (NYSE:RCL) on Friday, September 9 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, October 27 by Argus Research. The stock has “Hold” rating given by Zacks on Wednesday, August 5. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, May 26. The company was upgraded on Wednesday, January 27 by Pareto Securities.

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 2016 Q2. 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.
Creative Planning has 0% invested in the company for 3,894 shares. Veritable L P has invested 0.01% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL). Regent Management Limited Liability Corp accumulated 4,330 shares or 0.16% of the stock. Natl Bank Of New York Mellon reported 1.46M shares or 0.03% of all its holdings. Axiom Intll Investors Limited Liability Co De last reported 0.36% of its portfolio in the stock. Metropolitan Life Co Ny holds 0.04% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 86,969 shares. Marble Harbor Investment Counsel Limited has 0.1% invested in the company for 5,800 shares. Alliancebernstein L P holds 0.02% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 302,879 shares. Ubs Asset Mngmt Americas accumulated 510,589 shares or 0.04% of the stock. Pvg Asset Mgmt has 58,060 shares for 0% of their US portfolio. Credit Agricole S A has invested 0.06% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL). Da Davidson Com has invested 0% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL). Royal Financial Bank Of Canada owns 168,751 shares or 0.01% of their US portfolio. Goldman Sachs Grp reported 507,084 shares or 0.01% of all its holdings. First Savings Bank Of Omaha holds 31,528 shares or 0.16% of its portfolio.

Insider Transactions: Since August 3, 2016, the stock had 2 buys, and 2 sales for $706,116 net activity. $2.00M worth of shares were bought by Fain Richard D on Wednesday, August 3. 6,790 shares with value of $505,555 were sold by Lutoff-Perlo Lisa on Friday, August 5. Another trade for 12,183 shares valued at $865,864 was made by Bayley Michael W on Thursday, August 11. $77,550 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) was bought by Sorensen Vagn O on Thursday, August 18.

Royal Caribbean Cruises Ltd. is a cruise company. The company has a market cap of $18.16 billion. 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. It has a 22.06 P/E ratio. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.

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.

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.

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