Bank of Nova Scotia acquires Royal Caribbean stake valued at approximately $33,116,000
The cruise company reported quarterly earnings and revenue above consensus estimates and issued fiscal-year and third-quarter 2026 guidance.
Bank of Nova Scotia purchased a new stake in Royal Caribbean Cruises Ltd. during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The position included 104,294 shares valued at approximately $33,116,000.
Institutional investors and hedge funds own 87.53% of Royal Caribbean’s stock, the report states. Separately, Royal Caribbean CEO Michael W. Bayley sold 12,811 shares at an average price of $315.99, for a total reported value of $4,048,147.89.
Royal Caribbean reported quarterly earnings of $4.21 per share, exceeding the consensus estimate of $3.98 by $0.23. The company also posted quarterly revenue of $4.83 billion, compared with analyst estimates of $4.82 billion.
The cruise company set fiscal-year 2026 earnings guidance at 17.730–17.870 EPS. Its third-quarter 2026 guidance was set at 6.260–6.360 EPS.
