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Highland Capital Management LLC Sells 7,329 Shares of Royal Caribbean Cruises Ltd. $RCL
Highland Capital Management LLC reduced its stake in Royal Caribbean Cruises Ltd. by 44% in the fourth quarter, selling 7,329 shares and retaining 9,320 shares valued at approximately $2.6 million. Despite recent significant insider selling, including transactions by Director Arne Wilhelmsen and CEO Jason Liberty totaling over $140 million, Royal Caribbean reported a strong Q1 earnings beat and declared a quarterly dividend of $1.50 per share. The company maintains a “Moderate Buy” consensus analyst rating with a target price near $347.