Pinnacle Associates Ltd. Trims Holdings in Royal Caribbean Cruises Ltd. $RCL
Pinnacle Associates Ltd. reduced its stake in Royal Caribbean Cruises Ltd. by 3.4% in the fourth quarter, selling 5,818 shares and retaining 164,907 shares valued at $46 million. Royal Caribbean reported strong quarterly earnings of $3.60 per share and revenue of $4.45 billion, exceeding estimates, and raised its guidance for both Q2 and full-year 2026. The company also declared a quarterly dividend of $1.50 per share, while analysts maintain a "Moderate Buy" rating with an average target price of $351.42.
https://www.marketbeat.com/instant-alerts/filing-pinnacle-associates-ltd-trims-holdings-in-royal-caribbean-cruises-ltd-rcl-2026-05-14/