Hartford Investment Management Co. Has $1.21 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Posted by Defense World Staff on Aug 19th, 2023

Hartford Investment Management Co. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,489 shares of the company’s stock after purchasing an additional 2,612 shares during the quarter. Hartford Investment Management Co.’s holdings in Royal Caribbean Cruises were worth $1,207,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth $25,000. Prostatis Group LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth $36,000. BDO Wealth Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 74.0% in the first quarter. BDO Wealth Advisors LLC now owns 588 shares of the company’s stock worth $38,000 after acquiring an additional 250 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Royal Caribbean Cruises by 42.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 613 shares of the company’s stock worth $40,000 after purchasing an additional 182 shares in the last quarter. 71.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Royal Caribbean Cruises from $100.00 to $103.00 in a report on Monday, June 12th. VNET Group reiterated a “maintains” rating on shares of Royal Caribbean Cruises in a report on Monday, June 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Royal Caribbean Cruises from $65.00 to $71.00 in a report on Friday, May 5th. Susquehanna upped their price objective on shares of Royal Caribbean Cruises from $85.00 to $127.00 and gave the stock a “positive” rating in a report on Friday, July 28th. Finally, Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $70.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.92.

Get Our Latest Analysis on RCL

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $99.20 on Friday. The company has a 50-day simple moving average of $101.34 and a 200-day simple moving average of $81.37. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 5.28. Royal Caribbean Cruises Ltd. has a 52 week low of $36.92 and a 52 week high of $112.95.

Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.41 billion. Royal Caribbean Cruises had a negative net margin of 0.47% and a positive return on equity of 6.76%. The firm’s revenue for the quarter was up 61.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.08) earnings per share. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 6.22 EPS for the current fiscal year.

Insider Activity

In other news, CAO Henry L. Pujol sold 18,908 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the completion of the transaction, the chief accounting officer now owns 23,521 shares of the company’s stock, valued at $2,510,631.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Henry L. Pujol sold 18,908 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $106.74, for a total value of $2,018,239.92. Following the completion of the transaction, the chief accounting officer now owns 23,521 shares of the company’s stock, valued at $2,510,631.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $103.70 per share, with a total value of $103,700.00. Following the transaction, the director now directly owns 13,592 shares of the company’s stock, valued at $1,409,490.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 718,182 shares of company stock valued at $57,773,619. Insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Profile

(Free Report)

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.