Cibc World Market acquires Royal Caribbean shares
The institutional investor bought 10,863 shares valued at approximately $3,449,000 during the second quarter.
Cibc World Market Inc. acquired a new stake in Royal Caribbean Cruises Ltd. during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The purchase comprised 10,863 shares with an estimated value of $3,449,000.
Royal Caribbean reported quarterly earnings of $4.21 per share and revenue of $4.83 billion. Institutional investors and hedge funds own 87.53% of the company’s stock, according to the report.
The report also states that CEO Michael W. Bayley sold 12,811 shares at an average price of $315.99, placing the transaction’s total value at $4,048,147.89. Separately, cited market data gave Royal Caribbean shares an average rating of Moderate Buy and an average target price of $353.40.