Engineers Gate reduces Royal Caribbean holding
The investment manager sold 34,111 shares during the second quarter, while the cruise company reported revenue growth and issued 2026 earnings guidance.
Engineers Gate Manager LP cut its Royal Caribbean Cruises holding by 97.8% in the second quarter, according to the firm’s latest Form 13F filing with the Securities and Exchange Commission. It sold 34,111 shares and retained 775 shares valued at $246,000. Institutional investors owned 87.53% of Royal Caribbean stock.
Royal Caribbean reported quarterly earnings of $4.21 per share and revenue of $4.83 billion. Revenue rose 6.5% compared with the corresponding quarter a year earlier. The company set full-year 2026 earnings guidance of 17.730–17.870 per share and third-quarter 2026 guidance of 6.260–6.360 per share.
The cruise company also disclosed a quarterly dividend of $1.50 per share. That represents an annualized dividend of $6.00 and a dividend yield of 2.5%. Separately, CEO Michael Bayley sold 12,811 Royal Caribbean shares with a total value of $4,048,147.89.
