Osmosis Investment Management acquires Royal Caribbean shares
A regulatory disclosure says the investment manager purchased 15,117 shares valued at approximately $4,800,000.
Osmosis Investment Management UK Ltd purchased 15,117 shares of Royal Caribbean Cruises stock, according to the company’s disclosure with the Securities and Exchange Commission. The shares were valued at approximately $4,800,000. Institutional investors own 87.53% of the stock, according to the disclosed information.
Royal Caribbean reported quarterly earnings of $4.21 per share, exceeding the consensus estimate of $3.98 by $0.23. Quarterly revenue reached $4.83 billion, compared with analysts’ expectations of $4.82 billion. The company said revenue increased 6.5% from the same quarter last year.
Market data cited with the disclosure indicated that Royal Caribbean had an average analyst rating of Moderate Buy and an average target price of $353.40.
Separately, CEO Michael W. Bayley sold 12,811 Royal Caribbean shares at an average price of $315.99. The transaction had a total value of $4,048,147.89.
