Man Group adds Royal Caribbean shares as quarterly results exceed estimates
The cruise company reported earnings and revenue above consensus forecasts and provided fiscal and third-quarter 2026 guidance.
Man Group plc purchased 33,243 shares of Royal Caribbean Cruises Ltd. during the second quarter. The investment was valued at approximately $10,556,000. Institutional investors own 87.53% of the company’s stock.
Royal Caribbean Cruises reported quarterly earnings per share of $4.21, compared with a consensus estimate of $3.98. The company also recorded quarterly revenue of $4.83 billion, while analysts had estimated $4.82 billion.
For fiscal 2026, Royal Caribbean Cruises set earnings-per-share guidance of $17.730 to $17.870. The company established third-quarter 2026 earnings-per-share guidance of $6.260 to $6.360.
In a separate stock transaction, CEO Michael W. Bayley sold 12,811 shares at an average price of $315.99 per share. The sale had a total value of $4,048,147.89.
The stock carried a consensus rating of Moderate Buy and an average target price of $353.40.
