Varma Mutual Pension Insurance Buys Royal Caribbean Shares Valued at $13,099,000
The pension insurer acquired 41,254 shares during the second quarter, according to its most recent 13F filing.
Varma Mutual Pension Insurance Co bought a new stake in Royal Caribbean Cruises Ltd. in the second quarter, according to its most recent 13F filing. The company acquired 41,254 shares, valued at approximately $13,099,000.
The report states that hedge funds and other institutional investors own 87.53% of Royal Caribbean’s stock.
Royal Caribbean reported quarterly earnings of $4.21 per share, compared with analysts’ consensus estimate of $3.98. The company recorded quarterly revenue of $4.83 billion, while analysts had estimated $4.82 billion.
Royal Caribbean set its FY 2026 earnings guidance at 17.730-17.870 per share. The cruise company also established Q3 2026 guidance at 6.260-6.360 per share.
Chief Executive Officer Michael W. Bayley sold 12,811 shares at an average price of $315.99, according to the report. The transaction had a total value of $4,048,147.89.
