What’s Royal Caribbean Cruises Ltd Upside After Today’s Bullish Options Activity?

 What's Royal Caribbean Cruises Ltd Upside After Today's Bullish Options Activity?

In today’s session Royal Caribbean Cruises Ltd (RCL) registered an unusually high (167) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious RCL increase. With 167 contracts traded and 73344 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: RCL161118C00075000 closed last at: $8.25 or 1.2% up. About 199,063 shares traded hands. Royal Caribbean Cruises Ltd (NYSE:RCL) has risen 4.39% since April 20, 2016 and is uptrending. It has underperformed by 0.16% 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. Royal Caribbean Cruises Ltd. has been the topic of 29 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Royal Caribbean Cruises Ltd (NYSE:RCL) on Tuesday, April 26 with “Buy” rating. JP Morgan downgraded the shares of RCL in a report on Thursday, October 27 to “Neutral” rating. The company was maintained on Monday, December 21 by Stifel Nicolaus. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) has “Hold” rating given on Thursday, September 29 by Deutsche Bank. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) has “Buy” rating given on Tuesday, October 27 by Argus Research. The rating was maintained by Wedbush with “Outperform” on Wednesday, February 3. The company was upgraded on Wednesday, August 5 by Zacks. Susquehanna maintained it with “Positive” rating and $86 target price in Wednesday, February 3 report. Bernstein initiated the stock with “Outperform” rating in Friday, September 9 report. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, January 5.

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 0.99 in Q2 2016. Its down 0.04, from 1.03 in 2016Q1. The ratio turned negative, 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.
Marble Harbor Investment Counsel Ltd Liability Com reported 5,800 shares or 0.1% of all its holdings. Liberty Mutual Grp Inc Asset Management holds 12,279 shares or 0.03% of its portfolio. Commonwealth Equity Services owns 8,036 shares or 0% of their US portfolio. Ardsley Advisory Prns, a Connecticut-based fund reported 45,000 shares. Lowe Brockenbrough Company, a Virginia-based fund reported 64,548 shares. Ny State Teachers Retirement holds 0.05% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 279,167 shares. Pine River Limited Partnership reported 102,284 shares or 0.08% of all its holdings. Ironbridge Management Ltd Partnership last reported 1.1% of its portfolio in the stock. Moreover, Primecap Mngmt Co Ca has 0.55% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 7.72M shares. Millennium Lc holds 0.03% of its portfolio in Royal Caribbean Cruises Ltd (NYSE:RCL) for 207,405 shares. Cupps Capital Mngmt Ltd Limited Liability Company last reported 0.04% of its portfolio in the stock. Dsm Cap Ptnrs Limited Liability Corp has 2.82% invested in the company for 2.44M shares. Pinebridge Invests Lp last reported 380 shares in the company. Moreover, Sumitomo Life has 0.14% invested in Royal Caribbean Cruises Ltd (NYSE:RCL) for 15,375 shares. Rainier Invest Mgmt Limited Co accumulated 0.77% or 238,930 shares.

Insider Transactions: Since August 3, 2016, the stock had 2 insider purchases, and 7 insider sales for $2.05 million net activity. Stein Bradley H sold 6,382 shares worth $486,022. On Wednesday, August 3 Fain Richard D bought $2.00 million worth of the stock or 29,190 shares. Pujol Henry L sold $577,061 worth of stock. REITAN BERNT also sold $665,107 worth of Royal Caribbean Cruises Ltd (NYSE:RCL) shares. 1,100 shares with value of $77,550 were bought by Sorensen Vagn O on Thursday, August 18. Bayley Michael W sold $518,152 worth of stock. Shares for $505,555 were sold by Lutoff-Perlo Lisa.

Royal Caribbean Cruises Ltd. is a cruise company. The company has a market cap of $17.66 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 14.56 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. Investorplace.com‘s article titled: “Why Baker Hughes Incorporated (BHI), Dean Foods Co (DF) and Royal Caribbean …” and published on October 28, 2016 is yet another important article.

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