雅虎香港財經 Multiple Tailwinds Pushed Royal Caribbean Cruises Ltd. (RCL) in Q1
Ariel Investments, an investment management company, released its “Ariel Fund” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the Ariel fund gained +6.66% outperforming +1.40% and +3.39% gains of both the Russell 2500 Value Index and the Russell 2500 Index. The average annual returns of Ariel Fund (Investor class) for 1-, 5-, and 10-year periods were -8.74%, +5.80%, and +9.06% respectively, for the period ended March 31, 2023. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Ariel Fund highlighted stocks like Royal Caribbean Cruises Ltd. (NYSE:RCL) in the first quarter 2023 investor letter. Headquartered in Miami, Florida, Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company. On June 1, 2023, Royal Caribbean Cruises Ltd. (NYSE:RCL) stock closed at $83.23 per share. One-month return of Royal Caribbean Cruises Ltd. (NYSE:RCL) was 10.08%, and its shares gained 47.75% of their value over the last 52 weeks. Royal Caribbean Cruises Ltd. (NYSE:RCL) has a market capitalization of $21.285 billion.
Ariel Fund made the following comment about Royal Caribbean Cruises Ltd. (NYSE:RCL) in its Q1 2023 investor letter:
"Additionally, Global cruise vacation company, Royal Caribbean Cruises Ltd. (NYSE:RCL) advanced following a significant top- and bottom-line earnings beat, driven by strong consumer demand, higher occupancy, further improvement in onboard revenue and solid cost containment. Forward booking trends are also within historical ranges at record pricing. This gave management visibility to provide full year guidance, which includes RCL’s expectation for yields to set a new record in 2023 and for the company’s adjusted EBITDA to reach an all-time high. This forecast is in-line with the company’s three-year initiative, the Trifecta Program to drive financial performance. At today’s valuation, RCL is currently trading at a 37% discount to our estimate of private market value."
Royal Caribbean Cruises Ltd. (NYSE:RCL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Royal Caribbean Cruises Ltd. (NYSE:RCL) at the end of first quarter 2023 which was 36 in the previous quarter.
We discussed Royal Caribbean Cruises Ltd. (NYSE:RCL) in another article and shared the list of high growth large cap stocks to invest in. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
