Royal Caribbean (RCL) is Downgraded by Morgan Stanley to Equal-Weight

Royal Caribbean (RCL) is Downgraded by Morgan Stanley to Equal-Weight , according to the research report released to the investors. Earlier the firm had a rating of Overweight on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Royal Caribbean Cruises Ltd. is up 13.04% in the last 3-month period. Year-to-Date the stock performance stands at 24.73%.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) rose by 1.29% in the past week and 7.36% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 2.14% and the outperformance increases to 9.87% for the last 4 weeks.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) ended Thursday session in red amid volatile trading. The shares closed down 1.52 points or 1.48% at $101.21 with 1,018,157 shares getting traded. Post opening the session at $102.41, the shares hit an intraday low of $101.21 and an intraday high of $102.7 and the price vacillated in this range throughout the day. The company has a market cap of $22,266 million and the number of outstanding shares have been calculated to be 219,995,390 shares. The 52-week high of Royal Caribbean Cruises Ltd. (NYSE:RCL) is $103.4 and the 52-week low is $65.91.

Currently the company Insiders own 16.8% of Royal Caribbean Cruises Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.99% . Institutional Investors own 72.34% of Royal Caribbean Cruises Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -26.09%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Royal Caribbean Cruises Ltd, Ofer Eyal had sold 112,980 shares worth of $11,072,040 in a transaction dated November 10, 2015. In this transaction, 112,980 shares were sold at $98 per share.

Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. As of December 31, 2012, the Company operated 41 ships in the cruise vacation industry across six brands with an aggregate capacity of approximately 98,650 berths. The Companys ships operate on a range of global itineraries, which call on approximately 455 destinations on all seven continents. Its global brands include Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France. These brands are complemented by its Pullmantur brand, which has been custom tailored to serve the cruise markets in Spain, Portugal and Latin America, and its CDF Croisieres de France brand, which provides it with a custom tailored product targeted at the French market. In addition, it has a 50% investment in a joint venture, which operates the brand TUI Cruises, tailored for the German market.