Pallas Capital Advisors LLC raised its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 32.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,989 shares of the company's stock after buying an additional 11,683 shares during the quarter. Pallas Capital Advisors LLC's holdings in Carnival Co. & were worth $937,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Measured Risk Portfolios Inc. bought a new stake in shares of Carnival Co. & in the 4th quarter worth about $29,000. Orion Capital Management LLC bought a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC bought a new position in shares of Carnival Co. & in the 4th quarter worth $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & in the 4th quarter valued at about $42,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at $46,000. 67.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on CCL shares. Citigroup lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Macquarie decreased their target price on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Loop Capital lifted their price target on Carnival Co. & from $21.00 to $22.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Mizuho raised their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Finally, Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $26.58.
Read Our Latest Stock Analysis on Carnival Co. &
Carnival Co. & Stock Down 5.0%
NYSE:CCL traded down $1.18 during mid-day trading on Friday, hitting $22.39. The stock had a trading volume of 36,856,661 shares, compared to its average volume of 25,389,927. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a 50-day simple moving average of $20.92 and a two-hundred day simple moving average of $22.93. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $26.12 billion, a PE ratio of 16.11, a PEG ratio of 0.73 and a beta of 2.58.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.14) earnings per share. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.
Carnival Co. & Company Profile
(
Free Report)
Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.
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