Lansforsakringar Fondforvaltning AB publ increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 73.3% in the third quarter, bringing their total holdings to 137,322 shares valued at $44.44 million. Other institutional investors also adjusted their positions in RCL, with Vanguard Group Inc. significantly increasing its stake, and State Street Corp, Geode Capital Management LLC, and Invesco Ltd. also boosting their holdings. The article notes recent positive developments for Royal Caribbean, including a dividend increase and a $2.00 billion stock repurchase plan, alongside concerns like insider selling and rising fuel costs.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Royal Caribbean Cruises Ltd. $RCL Stake Lifted by Lansforsakringar Fondforvaltning AB publ
Lansforsakringar Fondforvaltning AB publ increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 73.3% in the third quarter, bringing their total holdings to 137,322 shares valued at $44.44 million. Other institutional investors also adjusted their positions in RCL, with Vanguard Group Inc. significantly increasing its stake, and State Street Corp, Geode Capital Management LLC, and Invesco Ltd. also boosting their holdings. The article notes recent positive developments for Royal Caribbean, including a dividend increase and a $2.00 billion stock repurchase plan, alongside concerns like insider selling and rising fuel costs.