Corient acquires Royal Caribbean shares as quarterly results top expectations
The investment firm disclosed a second-quarter position in Royal Caribbean, which reported earnings and revenue above analysts’ consensus estimates.
Corient Private Wealth LP purchased 50,009 shares of Royal Caribbean Cruises during the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The holding was valued at approximately $15,881,000. The report states that institutional investors own 87.53% of the company’s stock.
Royal Caribbean reported quarterly earnings per share of $4.21, exceeding analysts’ consensus estimate of $3.98 by $0.23. Quarterly revenue was $4.83 billion, compared with analysts’ expectations of $4.82 billion. Revenue increased 6.5% from the same quarter of the previous year.
The cruise company set fiscal 2026 earnings-per-share guidance at 17.730-17.870 and third-quarter 2026 guidance at 6.260-6.360.
Separately, CEO Michael W. Bayley sold 12,811 Royal Caribbean shares at an average price of $315.99. The transaction had a total value of $4,048,147.89.
