Commerce Bank lowered its position in Carnival Co. & plc (NYSE:CCL – Get Rating ) by 42.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,436 shares of the company’s stock after selling 17,353 shares during the period. Commerce Bank properties in Carnival Co. and were worth $474,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of CCL. Louisiana State Employees Retirement System boosted its position in Carnival Co. and by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 51,000 shares of the company’s stock valued at $1,001,000 after buying an additional 600 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Carnival Co. and by 1.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 60,128 shares of the company’s stock valued at $1,216,000 after buying an additional 682 shares during the last quarter. Lincoln National Corp grew its position in Carnival Co. and by 3.8% in the first quarter. Lincoln National Corp now owns 18,551 shares of the company’s stock valued at $375,000 after purchasing an additional 684 shares during the last quarter. We Are One Seven LLC raised its position in Carnival Co. and by 4.8% in the 4th quarter. We Are One Seven LLC now owns 15,645 shares of the company’s stock valued at $315,000 after purchasing an additional 710 shares during the last quarter. Finally, Howard Financial Services LTD. increased its position in Carnival Co. & by 6.1% in the first quarter. Howard Financial Services LTD. now owns 13,475 shares of the company’s stock worth $272,000 after buying an additional 776 shares during the last quarter. 65.38% of the shares are currently owned by institutional investors.
Analyst upgrades and downgrades
A number of equities research analysts recently commented on the company. Barclays assumed coverage of Carnival Co. and in a research report on Tuesday, June 28th. They issued an “overweight” rating and a $14.00 price objective for the company. Susquehanna took coverage in Carnival Co. and in a research report on Thursday, June 9th. They set a “neutral” rating and a $15.00 target price for the company. Peel Hunt downgraded Carnival Co. & to a “buy” rating in a research report on Tuesday, June 28. HSBC dropped their target price on Carnival Co. & from $18.20 to $7.70 and set a “reduce” rating for the company in a research report on Tuesday, June 14th. Finally, Stifel Nicolaus decreased their target price on Carnival Co. and from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, June 27th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.98.
Carnival Co. & Stock Performance
Shares of CCL stock opened at $11.19 on Wednesday. The business has a 50-day moving average of $9.75 and a 200-day moving average of $15.14. Carnival Co. & plc has a fifty-two week low of $8.10 and a fifty-two week high of $27.39. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.64, and a quick ratio of 0.61.
Carnival Co. & (NYSE:CCL – Get Rating ) last released its earnings results on Friday, June 24th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.14) by ($0.50). Carnival Co. & had a negative return on equity of 67.51% and a negative net margin of 156.75%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business earned ($1.80) EPS. Analysts predict that Carnival Co. & plc will post -3.75 earnings per share for the current fiscal year.
Insiders place their bets
In related news, Director Randall J. Weisenburger bought 100,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was bought at an average price of $11.76 per share, for a total transaction of $1,176,000.00. Following the purchase, the director now directly owns 870,950 shares in the company, valued at $10,242,372. The acquisition was disclosed in a legal filing with the Securities and Exchange Commission, which is available through the SEC’s website. 12.50% of the shares are owned by domestic corporations.
About Carnival Co. &
(Get rating)
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard brand names. The company also offers port destinations and other services, and owns and operates hotels, lodges, glass dome railways and buses.
Further reading
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