Investors sold shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) on strength during trading on Tuesday. $17.11 million flowed into the stock on the tick-up and $70.45 million flowed out of the stock on the tick-down, for a money net flow of $53.34 million out of the stock. Of all equities tracked, Royal Caribbean Cruises had the 0th highest net out-flow for the day. Royal Caribbean Cruises traded up $0.08 for the day and closed at $71.58

RCL has been the subject of a number of research reports. Vetr raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating and set a $84.42 target price for the company in a report on Monday, April 25th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Tuesday, May 24th. Stifel Nicolaus reduced their target price on shares of Royal Caribbean Cruises from $94.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. SunTrust Banks Inc. reduced their target price on shares of Royal Caribbean Cruises from $105.00 to $100.00 and set a “buy” rating for the company in a report on Monday, May 2nd. Finally, Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $94.63.

The stock has a market capitalization of $15.41 billion and a PE ratio of 20.43. The stock has a 50 day moving average of $70.65 and a 200-day moving average of $74.38.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 2nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm earned $0.84 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post $6.07 earnings per share for the current fiscal year.

In related news, CEO Lisa Lutoff-Perlo sold 6,790 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $74.46, for a total value of $505,583.40. Following the completion of the sale, the chief executive officer now owns 34,450 shares of the company’s stock, valued at approximately $2,565,147. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard D. Fain purchased 29,190 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average cost of $68.52 per share, with a total value of $2,000,098.80. Following the acquisition, the chief executive officer now owns 1,068,881 shares in the company, valued at approximately $73,239,726.12. The disclosure for this purchase can be found here.

Other large investors recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Royal Caribbean Cruises by 279.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 101,645 shares of the company’s stock valued at $10,287,000 after buying an additional 74,841 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Royal Caribbean Cruises by 90.4% in the fourth quarter. Bank of Montreal Can now owns 136,374 shares of the company’s stock valued at $13,803,000 after buying an additional 64,760 shares during the last quarter. Morgan Stanley raised its stake in shares of Royal Caribbean Cruises by 30.8% in the fourth quarter. Morgan Stanley now owns 269,024 shares of the company’s stock valued at $27,229,000 after buying an additional 63,283 shares during the last quarter. BlackRock Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 44.1% in the fourth quarter. BlackRock Advisors LLC now owns 157,302 shares of the company’s stock valued at $15,920,000 after buying an additional 48,118 shares during the last quarter. Finally, Eaton Vance Management bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $4,316,000.

Royal Caribbean Cruises Ltd. is a cruise company. The Company 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 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.

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