Primecap reports new Royal Caribbean stake in SEC filing
The institutional investor acquired 2,109,421 shares during the second quarter as the cruise company reported results above consensus estimates.
Primecap Management Co. CA bought 2,109,421 shares of Royal Caribbean Cruises Ltd. in the second quarter, according to its most recent disclosure to the Securities and Exchange Commission. The investment was valued at approximately $669,804,000.
The latest SEC filing showed that Primecap owned approximately 0.79% of Royal Caribbean Cruises. Hedge funds and other institutional investors own 87.53% of the cruise company’s stock.
Royal Caribbean reported quarterly earnings per share of $4.21, compared with a consensus estimate of $3.98. Its quarterly revenue totaled $4.83 billion, compared with a consensus estimate of $4.82 billion.
The company set FY 2026 guidance at 17.730-17.870 EPS and Q3 2026 guidance at 6.260-6.360 EPS. Aggregated analyst data indicated a consensus rating of Moderate Buy and a consensus target price of $353.40 for Royal Caribbean Cruises.
