BlackRock buys 20,626,151 Royal Caribbean Cruises shares
The shares were valued at approximately $6,549,422,000, while institutional investors owned 87.53% of the cruise company’s stock.
BlackRock Inc. bought 20,626,151 shares of Royal Caribbean Cruises stock, valued at approximately $6,549,422,000. At the end of the most recent reporting period, BlackRock owned 7.71% of Royal Caribbean Cruises.
Institutional investors owned 87.53% of the company’s stock. Market data showed that Royal Caribbean Cruises had a consensus rating of Moderate Buy and a consensus price target of $353.40.
Royal Caribbean Cruises reported quarterly earnings per share of $4.21. Analysts’ consensus estimate was $3.98 per share, placing the reported result $0.23 above that estimate.
The company also reported quarterly revenue of $4.83 billion, compared with analyst estimates of $4.82 billion. In a separate transaction, CEO Michael W. Bayley sold 12,811 shares of Royal Caribbean Cruises stock.
