Hartford Investment Management Co. Has $4.40 Million Holdings in Royal Caribbean Cruises Ltd (RCL)

Hartford Investment Management Co. raised its position in Royal Caribbean Cruises Ltd (NYSE:RCL) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,100 shares of the company’s stock after buying an additional 639 shares during the period. Hartford Investment Management Co.’s holdings in Royal Caribbean Cruises were worth $4,398,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Morse Asset Management Inc boosted its position in Royal Caribbean Cruises by 0.7% in the 2nd quarter. Morse Asset Management Inc now owns 3,425 shares of the company’s stock valued at $374,000 after buying an additional 25 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Royal Caribbean Cruises by 1.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock valued at $268,000 after buying an additional 28 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Royal Caribbean Cruises by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,463 shares of the company’s stock valued at $1,361,000 after buying an additional 35 shares during the last quarter. CIBC Asset Management Inc boosted its position in Royal Caribbean Cruises by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 17,863 shares of the company’s stock valued at $1,951,000 after buying an additional 58 shares during the last quarter. Finally, Intrust Bank NA boosted its position in Royal Caribbean Cruises by 2.7% in the 2nd quarter. Intrust Bank NA now owns 2,356 shares of the company’s stock valued at $258,000 after buying an additional 61 shares during the last quarter. 73.28% of the stock is owned by institutional investors.

Shares of Royal Caribbean Cruises Ltd (NYSE RCL) traded up $1.35 during mid-day trading on Friday, hitting $125.23. 1,847,592 shares of the stock traded hands, compared to its average volume of 1,448,585. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises Ltd has a twelve month low of $79.10 and a twelve month high of $133.75. The company has a market capitalization of $26,810.37, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company posted $3.20 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. equities research analysts expect that Royal Caribbean Cruises Ltd will post 7.39 earnings per share for the current fiscal year.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total value of $2,425,800.00. Following the transaction, the chief executive officer now owns 927,741 shares of the company’s stock, valued at $112,525,705.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 60,000 shares of company stock worth $7,415,000 in the last three months. 15.30% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on RCL. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Wedbush reissued an “outperform” rating and issued a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Wells Fargo & Company reissued an “outperform” rating and issued a $135.00 price objective (up from $128.00) on shares of Royal Caribbean Cruises in a research report on Monday, November 6th. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Buckingham Research upped their price objective on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $126.02.

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Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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