Canada Pension Plan Investment Board Adds Royal Caribbean Stake
The institutional investor acquired 52,659 shares of the cruise company during the second quarter, with the holding valued at approximately $16,721,000.
Canada Pension Plan Investment Board purchased a new stake in Royal Caribbean Cruises Ltd. in the second quarter, according to a company disclosure filed with the U.S. Securities and Exchange Commission. The transaction covered 52,659 shares and was valued at approximately $16,721,000.
Institutional investors own 87.53% of Royal Caribbean stock, according to the disclosed ownership information. The Canada Pension Plan Investment Board purchase adds a new institutional position in the cruise operator.
Royal Caribbean separately reported quarterly earnings of $4.21 per share. The company also posted quarterly revenue of $4.83 billion.
The cruise line said its quarterly revenue increased 6.5% compared with the corresponding period a year earlier. The financial results and the newly disclosed investment provide updated information on Royal Caribbean’s quarterly performance and institutional ownership.
