Stifel Financial Corp lowered its stake in Carnival Corp (NYSE:CCL) by 33.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 258,010 shares of the company’s stock after selling 131,456 shares during the quarter. Stifel Financial Corp’s holdings in Carnival were worth $4,236,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CCL. Global Wealth Management Investment Advisory Inc. increased its position in shares of Carnival by 92.0% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,920 shares of the company’s stock valued at $25,000 after acquiring an additional 920 shares during the last quarter. First Command Bank increased its position in shares of Carnival by 98.2% in the second quarter. First Command Bank now owns 1,508 shares of the company’s stock valued at $25,000 after acquiring an additional 747 shares during the last quarter. Ameritas Investment Company LLC acquired a new stake in shares of Carnival in the first quarter valued at about $27,000. Pacific Center for Financial Services increased its position in shares of Carnival by 65.4% in the second quarter. Pacific Center for Financial Services now owns 2,528 shares of the company’s stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Carnival by 36.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,595 shares of the company’s stock worth $43,000 after purchasing an additional 691 shares during the period. 64.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Carnival stock opened at $15.93 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 0.71. Carnival Corp has a twelve month low of $7.80 and a twelve month high of $51.94. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of -3.96 and a beta of 1.94. The company’s fifty day moving average is $15.78 and its 200 day moving average is $16.41.

Carnival (NYSE:CCL) last posted its earnings results on Friday, July 10th. The company reported ($3.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.79) by ($1.51). Carnival had a positive return on equity of 0.06% and a negative net margin of 17.53%. The business had revenue of $740.00 million during the quarter, compared to analyst estimates of $401.40 million. During the same quarter in the prior year, the company earned $0.66 EPS. The company’s revenue was down 84.7% on a year-over-year basis. As a group, equities analysts anticipate that Carnival Corp will post -7.38 earnings per share for the current fiscal year.

A number of research firms recently commented on CCL. Credit Suisse Group lifted their price target on Carnival from $12.00 to $14.50 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Barclays reduced their price objective on Carnival from $53.00 to $18.00 in a report on Friday, June 19th. TheStreet cut Carnival from a “c-” rating to a “d” rating in a report on Monday, July 20th. ValuEngine upgraded Carnival from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley reduced their price objective on Carnival from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.59.

Carnival Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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