Elevation Point purchases 21,720 Royal Caribbean shares
The second-quarter investment was valued at approximately $6,929,000, according to the company’s SEC disclosure.
Elevation Point Wealth Partners LLC purchased 21,720 shares of Royal Caribbean Cruises Ltd. during the second quarter, according to the company’s disclosure to the SEC. The new stake was valued at approximately $6,929,000. Institutional investors own 87.53% of the cruise company’s stock.
Royal Caribbean reported quarterly earnings of $4.21 per share, exceeding the consensus estimate of $3.98 by $0.23. Quarterly revenue was $4.83 billion, compared with a consensus estimate of $4.82 billion.
The company set fiscal 2026 earnings-per-share guidance at 17.730 to 17.870. Third-quarter 2026 earnings-per-share guidance was set at 6.260 to 6.360.
Analyst data indicated that Royal Caribbean had an average rating of Moderate Buy and a consensus price target of $353.40.
CEO Michael W. Bayley sold 12,811 Royal Caribbean shares at an average price of $315.99, bringing the total transaction value to $4,048,147.89.
