Allworth Financial purchases Royal Caribbean shares in second quarter
A Securities and Exchange Commission filing showed a new position valued at approximately $1,700,000, while the cruise company reported quarterly results above consensus estimates.
Allworth Financial LP purchased 5,353 shares of Royal Caribbean Cruises Ltd. in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The position was valued at approximately $1,700,000. Institutional investors own 87.53% of the cruise company’s stock.
Royal Caribbean reported quarterly earnings per share of $4.21, surpassing the consensus estimate of $3.98 by $0.23. The company also posted quarterly revenue of $4.83 billion, compared with analysts’ estimate of $4.82 billion.
Market data gave Royal Caribbean a consensus Moderate Buy rating and an average price target of $353.40.
In a separate transaction, Royal Caribbean CEO Michael W. Bayley sold 12,811 company shares on a Wednesday in July. The shares were sold at an average price of $315.99, bringing the total value of the transaction to $4,048,147.89.
