NEOS Investment Management increases Royal Caribbean stake by 12.5%
The firm’s most recent filing showed that it added 4,542 shares during the second quarter, bringing its total holding to 41,006 shares.
NEOS Investment Management LLC increased its stake in Royal Caribbean Cruises Ltd. by 12.5% in the second quarter, according to its most recent filing. After acquiring an additional 4,542 shares during the period, the firm owned 41,006 shares. Its Royal Caribbean holdings were worth $13,021,000 at the end of the latest reporting period.
Hedge funds and other institutional investors own 87.53% of the cruise company’s stock. Royal Caribbean reported earnings of $4.21 per share for the quarter, surpassing analysts’ consensus estimate of $3.98 by $0.23.
The company recorded quarterly revenue of $4.83 billion, compared with analyst estimates of $4.82 billion. Royal Caribbean also declared a quarterly dividend scheduled to be paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th will receive a dividend of $1.50.
