Vetr Inc. Downgrades Royal Caribbean Cruises Ltd. (RCL) to Buy

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Royal Caribbean has four ships ready for relief efforts.

The new departure date will be on Wednesday, 9/13 and we will sail a 4-night itinerary, with an overnight in Nassau, Bahamas. Creative Planning reported 0% stake. Jefferies Group Inc Lc reported 939 shares. Granahan Investment Management Inc. (NYSE:NMFC) has risen 17.77% since September 9, 2016 and is uptrending. The New York-based Etrade Capital Management Ltd Liability Corp has invested 0.19% in Exxon Mobil Corporation (NYSE:XOM). IFP Advisors Inc raised its position in shares of Royal Caribbean Cruises by 45.5% in the first quarter. MD Sass Investors Services Inc. now owns 883,334 shares of the company's stock worth $59,312,000 after buying an additional 824,709 shares in the last quarter. The Ares Management Llc holds 884,953 shares with $12.48M value, up from 793,176 last quarter. Point72 Asia (Hong Kong) Limited invested in 1,289 shares or 0.11% of the stock. Institutional investors and hedge funds own 75.46% of the company's stock. 20,000 shares were sold by Fain Richard D, worth $2.23M. Following the completion of the transaction, the executive vice president now directly owns 23,493 shares in the company, valued at $2,809,997.73. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. It increased, as 53 investors sold RCL shares while 151 reduced holdings. Insiders own 15.30% of the company's stock.

A number of brokerages have weighed in on RCL.

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Naturally, a storm this destructive is having an impact on the financial markets; notably, shares of cruise ship operators dropped days ago, when weather simulations put Irma's path through the heart of the Caribbean. According to the Miami Herald, The Enchantment of the Seas evacuated 1,500 employees who work at the company's PortMiami building. The stock of Royal Caribbean Cruises Ltd (NYSE:RCL) earned "Buy" rating by Argus Research on Tuesday, August 4. Wolfe Research initiated Royal Caribbean Cruises Ltd (NYSE:RCL) rating on Wednesday, November 18. Goldman Sachs has "Buy" rating and $95 target. Out of 6 Wall Street analysts rating Royal Caribbean, 4 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". The stock's average target of $107.50 is -8.18% below today's ($117.08) share price. If you are accessing this news story on another website, it was stolen and reposted in violation of US & global trademark and copyright legislation. BidaskClub lifted Royal Caribbean Cruises from a buy recommendation to a strong-buy recommendation in a analysis note on early Thur, Aug 17th. The firm acquired 8,718 shares of the company's stock, valued at approximately $950,000. The latest exchange of 1.54 Million shares is above its average trading activity of 1.47 Million shares. Royal Caribbean Cruises Ltd. has a one year low of $65.10 and a one year high of $125.00.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises's dividend payout ratio is 26.97%. Its down 13.33% from 70,500 shares previously.