Published on 2 Jun 2023 on Insider Monkey via Yahoo Finance
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: