ProShare Advisors LLC reduced its holdings in shares of Carnival Co. & plc (NYSE:CCL – Get Rating ) by 2.2% during the first quarter, according to the company in its most recent filing with the SEC. The firm owned 155,328 shares of the company’s stock after selling 3,507 shares during the quarter. ProShare Advisors LLC’s holdings in Carnival Co. and were worth $3,141,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Mogy Joel R Investment Counsel Inc. acquired a new stake in Carnival Co. stock. and during the fourth quarter worth about $28,000. Private Capital Group LLC grew its position in shares of Carnival Co. & by 130.0% during the first quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock valued at $31,000 after buying an additional 859 shares in the last quarter. Sierra Capital LLC increased its position in shares of Carnival Co. & by 1,304.3% during the first quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock valued at $33,000 after buying an additional 1,500 shares in the last quarter. Shore Point Advisors LLC bought a new stake in shares of Carnival Co. and during the 4th quarter worth about $40,000. Finally, City Holding Co. acquired a new stake in Carnival Co. stock. and during the 4th quarter worth about $41,000. 65.38% of the shares are currently owned by institutional investors and hedge funds.
Wall Street analysts predict growth
A number of equities analysts have commented on the stock. Citigroup cut their price target on shares of Carnival Co. and from $22.00 to $12.50 and set a “neutral” rating on the stock in a research report on Tuesday, June 28th. Truist Financial decreased their price objective on shares of Carnival Co. and from $15.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, July 22nd. Susquehanna assumed coverage of Carnival Co. stock. and in a research report on Thursday, June 9th. They issued a “neutral” rating and a $15.00 price objective on the stock. Barclays assumed coverage on shares of Carnival Co. and in a research report on Tuesday, June 28th. They issued an “overweight” rating and a $14.00 price target on the stock. Finally, Morgan Stanley reduced the price target on shares of Carnival Co. & from $13.00 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 29th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Carnival Co.
Carnival Co. & Stock Performance
CCL opened at $10.05 on Thursday. The company has a fifty day moving average price of $9.60 and a two hundred day moving average price of $14.72. The company has a quick ratio of 0.61, a current ratio of 0.64, and a debt-to-equity ratio of 3.54. Carnival Co. & plc has a 52-week low of $8.10 and a 52-week high of $27.39.
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 analysts’ consensus estimates 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm posted ($1.80) EPS. On average, sell-side analysts anticipate that Carnival Co. & plc will post -3.75 EPS for the current year.
Carnival Co. & Company Profile
(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.
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