Patton Fund Management Inc. purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,087 shares of the company’s stock, valued at approximately $190,000.
Other large investors have also made changes to their positions in the company. Desjardins Global Asset Management Inc. raised its holdings in shares of Carnival Co. & by 210.9% during the first quarter. Desjardins Global Asset Management Inc. now owns 2,587 shares of the company’s stock valued at $26,000 after acquiring an additional 1,755 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Carnival Co. & during the first quarter valued at approximately $28,000. Manchester Capital Management LLC acquired a new stake in shares of Carnival Co. & during the first quarter valued at approximately $29,000. Pacific Center for Financial Services acquired a new stake in shares of Carnival Co. & during the first quarter valued at approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in Carnival Co. & by 272.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,337 shares of the company’s stock valued at $34,000 after purchasing an additional 2,440 shares in the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently commented on CCL. Tigress Financial boosted their price objective on shares of Carnival Co. & from $13.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Carnival Co. & from $10.00 to $15.00 in a research report on Friday, June 23rd. Argus raised shares of Carnival Co. & from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, July 18th. Barclays boosted their price objective on shares of Carnival Co. & from $19.00 to $22.00 in a research report on Tuesday, July 18th. Finally, Morgan Stanley boosted their target price on shares of Carnival Co. & from $7.00 to $11.50 in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.66.
Carnival Co. & Stock Performance
Shares of CCL stock traded up $0.29 during mid-day trading on Tuesday, reaching $15.33. The company’s stock had a trading volume of 6,273,718 shares, compared to its average volume of 36,859,570. Carnival Co. & plc has a 1-year low of $6.11 and a 1-year high of $19.55. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 5.44. The firm’s 50-day moving average is $16.81 and its two-hundred day moving average is $13.45.
Carnival Co. & (NYSE:CCL – Get Free Report) last announced its earnings results on Monday, June 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.03. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.79 billion. Carnival Co. & had a negative net margin of 19.83% and a negative return on equity of 41.35%. The firm’s revenue for the quarter was up 104.5% on a year-over-year basis. During the same quarter last year, the company posted ($1.64) EPS. As a group, sell-side analysts forecast that Carnival Co. & plc will post -0.13 EPS for the current year.
Carnival Co. & Profile
Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names.
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