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Royal Caribbean Cruises Ltd. $RCL Shares Bought by M&T Bank Corp
M&T Bank Corp increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 187.2% in the fourth quarter, bringing their total to 31,755 shares valued at $8.857 million. Other institutional investors like Capital International Investors and Vanguard Group Inc. also significantly increased their stakes in the company. Despite some analyst price target cuts, Royal Caribbean Cruises holds a “Moderate Buy” consensus rating with an average target price of $352.89, while insiders have recently sold shares.