Stakes in Royal Caribbean shift after launch of world’s largest cruise ship

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Symphony of the Seas alongside Prince George Wharf, Nassau

By Youri Kemp
Caribbean News Now associate editor
[email protected]

MIAMI, Florida — Investment stakes have shifted in one of the world’s largest cruise operators, Royal Caribbean Cruises Ltd (RCL), which also boasts ownership of the largest cruise ship in the world, Symphony of the Seas, launched in November of this year.

On the expectation of high performance of RCL’s cruise offerings, including the addition of the Symphony of the Seas currently now on its maiden voyage, Rational Advisors LLC increased its holdings in Royal Caribbean by 193,066.7 percent in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,385 shares of the company’s stock after buying an additional 17,376 shares during the quarter. Rational Advisors’ holdings in Royal Caribbean Cruises were worth $2,259,000 at the end of the most recent reporting period.

Other stock ownerships in RCL have also changed, including a number of hedge funds and other institutional investors adding to their stakes in RCL.

Vontobel Asset Management Inc. boosted its position in RCL by 443.4 percent in the second quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock worth $143,300,000 after purchasing an additional 1,098,502 shares during the last quarter.

FMR LLC increased its position in RCL by 16.5 percent in the second quarter. FMR now owns 5,861,019 shares of the company’s stock worth $607,202,000 after purchasing an additional 830,047 shares during the last quarter.

Royal London Asset Management Ltd also increased its position in RCL by 804.6 percent in the third quarter. Royal London Asset Management now owns 661,674 shares of the company’s stock worth $135,938,000 after purchasing an additional 588,527 shares during the last quarter.

Carillon Tower Advisers Inc. boosted its position in RCL by 190.9 percent in the second quarter. Carillon Tower Advisers now owns 517,396 shares of the company’s stock worth $53,602,000 after purchasing an additional 339,521 shares during the last quarter.

Skandinaviska Enskilda Banken AB purchased a new position in RCL in the third quarter worth about $38,168,000.

Institutional investors now own 71.50 percent of the company’s stock.

RCL director, Bernt Reitan, reportedly sold 1,578 shares of the company’s stock in a transaction in mid-November. The stock was sold at an average price of $106.58, for a total value of $168,183.24.

As of December 2018, the price of RCL shares has gone up to $115.34, with some analysts from Deutsche Bank and CitiGroup estimating that the asking price could go as high as $138 by the start of 2019.

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