Junto Capital acquires Royal Caribbean shares
The investment manager added 267,980 shares as Royal Caribbean reported quarterly results above analyst estimates.
Junto Capital Management LP bought 267,980 shares of Royal Caribbean Cruises stock valued at approximately $85,092,000, according to its most recent SEC filing. The holding accounted for 1.5% of Junto Capital Management LP’s investment portfolio and ranked as its 20th-largest position.
The filing showed that Junto Capital Management LP owned 0.10% of Royal Caribbean Cruises. Institutional investors were reported to own 87.53% of the cruise company’s stock.
Royal Caribbean Cruises reported quarterly earnings per share of $4.21, exceeding the analyst consensus estimate of $3.98 by $0.23. Quarterly revenue was $4.83 billion, compared with the analyst estimate of $4.82 billion.
Compiled analyst data gave Royal Caribbean Cruises stock a consensus rating of Moderate Buy and a consensus target price of $353.40. The company also declared a quarterly dividend of $1.50 per share.
