Equitable Holdings purchases Royal Caribbean shares
The investor acquired 8,012 shares valued at approximately $2,544,000 during the second quarter.
Equitable Holdings Inc. purchased 8,012 shares of Royal Caribbean Cruises Ltd. during the second quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The position was valued at approximately $2,544,000. Institutional investors own 87.53% of Royal Caribbean stock.
Royal Caribbean reported earnings of $4.21 per share for the quarter, above the analyst consensus estimate of $3.98. Quarterly revenue totaled $4.83 billion, compared with a consensus estimate of $4.82 billion.
Cited market data gave Royal Caribbean an average moderate buy rating and a consensus target price of $353.40.
In a separate transaction, Royal Caribbean CEO Michael W. Bayley sold 12,811 company shares at an average price of $315.99. The sale had a total value of $4,048,147.89.
