Carnival Corporation (NYSE:CCL) Shares Sold by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC trimmed its position in Carnival Corporation (NYSE:CCL - Free Report) by 11.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,050 shares of the company's stock after selling 18,052 shares during the period. Left Brain Wealth Management LLC's holdings in Carnival were worth $2,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Carnival by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Carnival by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Carnival by 33.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Carnival by 4.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after purchasing an additional 877,694 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Carnival by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after purchasing an additional 2,720,096 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Trading Down 1.5%

CCL traded down $0.43 on Friday, reaching $28.67. 14,572,616 shares of the company's stock were exchanged, compared to its average volume of 25,252,227. The company's 50 day moving average is $24.36 and its 200-day moving average is $23.05. The company has a market cap of $33.47 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.63 and a beta of 2.61. Carnival Corporation has a twelve month low of $13.78 and a twelve month high of $30.46. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the company earned $0.11 earnings per share. Carnival's revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Carnival from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Tigress Financial reiterated a "buy" rating on shares of Carnival in a report on Wednesday, March 26th. Susquehanna increased their price objective on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a report on Wednesday, June 25th. Morgan Stanley increased their price objective on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Finally, BNP Paribas assumed coverage on shares of Carnival in a report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.65.

About Carnival

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.