OMERS Administration Corp Purchases Royal Caribbean Shares
The second-quarter investment came as the cruise company reported earnings and revenue above consensus estimates.
OMERS Administration Corp purchased 21,499 shares of Royal Caribbean Cruises during the second quarter, according to its disclosure with the Securities and Exchange Commission. The position was valued at approximately $6,827,000.
Institutional investors and hedge funds currently own 87.53% of Royal Caribbean’s stock, the report stated. The report also said CEO Michael W. Bayley sold 12,811 shares on Wednesday, July 29th, at an average price of $315.99. The transaction totaled $4,048,147.89.
Royal Caribbean reported quarterly earnings per share of $4.21, surpassing the consensus estimate of $3.98 by $0.23. Quarterly revenue was $4.83 billion, compared with a consensus estimate of $4.82 billion. Revenue increased 6.5% from the corresponding period a year earlier.
The company set fiscal 2026 earnings-per-share guidance at 17.730-17.870. Royal Caribbean also established third-quarter 2026 earnings-per-share guidance at 6.260-6.360.
