Victory Capital Management Inc. increased its stake in Carnival Co. & plc (NYSE:CCL – Get Rating ) by 11.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,781 shares of the company’s stock after buying an additional 29,407 shares during the quarter. Properties of Victory Capital Management Inc. at Carnival Co. and were worth $4,909,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CCL. Allspring Global Investments Holdings LLC bought a new position in shares of Carnival Co. and in the fourth quarter worth about $1,025,000. CWM LLC bought a new position in Carnival Co. and in the 4th quarter worth about $184,000. Hartford Investment Management Co . increased its holdings in Carnival Co. and by 9.6% in the 4th quarter. Hartford Investment Management Co . now owns 81,581 shares of the company’s stock valued at $1,641,000 after purchasing an additional 7,128 shares during the last quarter. Northwestern Mutual Wealth Management Co . increased its holdings in Carnival Co. and by 168.4% in the 4th quarter. Northwestern Mutual Wealth Management Co . now owns 54,964 shares of the company’s stock valued at $1,106,000 after purchasing an additional 34,486 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Carnival Co. and by 528.5% in the 4th quarter. Pacer Advisors Inc. now owns 240,144 shares of the company’s stock worth $4,832,000 after purchasing an additional 201,934 shares during the last quarter. Institutional investors own 65.38% of the company’s shares.
Internal activity at Carnival Co. &
In other Carnival Co. news, Director Randall J. Weisenburger purchased 100,000 shares of Carnival Co. stock. and stock in a transaction that occurred on Wednesday, May 25th. The stock was bought at an average price of $11.76 per share, with a total value of $1,176,000.00. Following the transaction, the director now owns 870,950 shares in the company, valued at approximately $10,242,372. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this link. 12.50% of the shares are currently owned by insiders.
Carnival Co. & Performance Stock
Shares of CCL stock opened at $9.47 on Wednesday. The company has a market cap of $9.42 billion, a price-to-earnings ratio of -1.17 and a beta of 2.09. Carnival Co. & plc has a 52 week low of $8.10 and a 52 week high of $27.39. The company has a quick ratio of 0.61, a current ratio of 0.64, and a debt-to-equity ratio of 3.54. The firm has a 50-day moving average of $10.00 and a 200-day moving average of $15.43.
Carnival Co. & (NYSE:CCL – Get Rating ) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the business earned ($1.80) EPS. On average, stock analysts predict that Carnival Co. & plc will post -3.75 earnings per share for the current year.
Wall Street analysts predict growth
A number of research analysts recently issued reports on CCL shares. Susquehanna initiated coverage on shares of Carnival Co. and in a report on Thursday, June 9th. They issued a “neutral” rating and a $15.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Carnival Co. and from $13.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, June 29th. Wells Fargo & Company decreased their price objective on shares of Carnival Co. and from $21.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, June 27th. StockNews.com upgraded shares of Carnival Co. and to a “sell” rating in a report on Wednesday, July 27. Finally, Citigroup lowered the price target on shares of Carnival Co. and from $22.00 to $12.50 and set a “neutral” rating for the company in a report on Tuesday, June 28th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.98, according to data from MarketBeat.
Carnival Co. & Profiles
(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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