Royal Caribbean Cruises Ltd (NYSE:RCL) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 3,827,600 shares, an increase of 9.0% from the June 30th total of 3,512,700 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,760,000 shares, the days-to-cover ratio is currently 2.2 days.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $108.46, for a total transaction of $2,169,200.00. Following the completion of the sale, the chief executive officer now directly owns 905,651 shares in the company, valued at $98,226,907.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.07% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $401,000. Cubist Systematic Strategies LLC raised its holdings in shares of Royal Caribbean Cruises by 99.5% during the second quarter. Cubist Systematic Strategies LLC now owns 95,097 shares of the company’s stock worth $11,527,000 after purchasing an additional 47,434 shares during the period. California State Teachers Retirement System raised its holdings in shares of Royal Caribbean Cruises by 3.9% during the second quarter. California State Teachers Retirement System now owns 283,520 shares of the company’s stock worth $34,365,000 after purchasing an additional 10,674 shares during the period. Capital International Ltd. CA acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $2,036,000. Finally, Capital International Sarl raised its holdings in shares of Royal Caribbean Cruises by 93.0% during the second quarter. Capital International Sarl now owns 18,183 shares of the company’s stock worth $2,204,000 after purchasing an additional 8,761 shares during the period. Institutional investors and hedge funds own 72.72% of the company’s stock.

RCL has been the subject of several research reports. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Deutsche Bank decreased their price objective on shares of Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a research note on Friday, July 19th. ValuEngine downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Wedbush reiterated an “underweight” rating and set a $145.00 price objective (up from $140.00) on shares of Royal Caribbean Cruises in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Hold” and a consensus target price of $142.50.

Shares of RCL stock traded down $5.14 on Wednesday, hitting $103.89. The stock had a trading volume of 1,319,921 shares, compared to its average volume of 1,638,525. The stock has a market capitalization of $22.89 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.34. The business has a 50 day simple moving average of $112.88. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises has a 52-week low of $89.48 and a 52-week high of $133.60.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.09. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.79 billion. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 earnings per share. Sell-side analysts expect that Royal Caribbean Cruises will post 9.67 earnings per share for the current year.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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