QRG Capital Management increases Royal Caribbean stake by 12.2%
The investment manager held 66,915 Royal Caribbean shares following an additional purchase during the second quarter.
QRG Capital Management Inc. increased its holdings in Royal Caribbean Cruises Ltd. by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,915 shares after purchasing an additional 7,299 shares during the period.
QRG Capital Management’s Royal Caribbean holdings were valued at $21,248,000 as of its most recent SEC filing. The report also stated that institutional investors currently own 87.53% of Royal Caribbean stock.
Royal Caribbean reported quarterly earnings of $4.21 per share, compared with the consensus estimate among analysts of $3.98 per share. The cruise company posted quarterly revenue of $4.83 billion, slightly above the consensus estimate of $4.82 billion. It also reported a return on equity of 43.33% and a net margin of 23.54%.
The company also declared a quarterly dividend of $1.50 per share. According to the announcement, the dividend will be paid on Thursday, October 8th, to investors of record on Thursday, September 17th.
