Van ECK expands Royal Caribbean stake in second quarter
The investment manager’s position rose to 43,454 shares, according to its most recent regulatory filing.
Van ECK Associates Corp increased its stake in Royal Caribbean Cruises Ltd. by 1,388.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor acquired an additional 40,535 shares during the period, bringing its holdings to 43,454 shares. The position was worth $13,798,000 at the end of the most recent quarter.
Royal Caribbean reported quarterly earnings per share of $4.21, exceeding the consensus estimate of $3.98 by $0.23. The company also reported quarterly revenue of $4.83 billion, compared with a consensus estimate of $4.82 billion.
Royal Caribbean set full-year 2026 earnings-per-share guidance at 17.730-17.870 and third-quarter 2026 guidance at 6.260-6.360.
Separately, CEO Michael W. Bayley sold 12,811 shares at an average price of $315.99. The transaction totaled $4,048,147.89.