Meeder Asset Management adds Royal Caribbean shares
The institutional investor acquired 27,722 shares valued at approximately $8,803,000 as the cruise company reported quarterly revenue of $4.83 billion.
Meeder Asset Management acquired 27,722 shares of Royal Caribbean Cruises, according to the report. The holding was valued at approximately $8,803,000. Institutional investors and hedge funds currently own 87.53% of the company’s stock, the report stated.
Royal Caribbean reported quarterly earnings of $4.21 per share, above the analyst consensus estimate of $3.98. Revenue reached $4.83 billion, compared with analyst expectations of $4.82 billion. The company also reported a net margin of 23.54% and a return on equity of 43.33%.
The cruise company established fiscal 2026 earnings guidance of 17.730-17.870 per share. It also set third-quarter 2026 earnings guidance at 6.260-6.360 per share.
Separately, the report stated that Chief Executive Michael W. Bayley sold 12,811 Royal Caribbean shares. Royal Caribbean had an average analyst rating of Moderate Buy and an average price target of $353.40, according to an analyst-rating aggregation cited in the report.
