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M&G PLC Purchases 29,036 Shares of Royal Caribbean Cruises Ltd. $RCL
M&G PLC increased its stake in Royal Caribbean Cruises Ltd. by 17.7% in Q3, purchasing 29,036 additional shares and now owning 193,493 shares valued at approximately $62.7 million. This comes despite significant insider selling by CEO Michael W. Bayley and CEO Jason T. Liberty, who together offloaded 170,910 shares worth nearly $56 million. The company reported strong Q4 results with increased revenue and EPS, authorized a $2.0 billion share buyback, and raised its quarterly dividend, though it also issued $2.5 billion in senior notes and reported rising capital expenditures.