Cerity Partners LLC Purchases 64,377 Shares of Carnival Corporation (NYSE:CCL)

Cerity Partners LLC raised its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 32.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,669 shares of the company's stock after buying an additional 64,377 shares during the period. Cerity Partners LLC's holdings in Carnival were worth $5,169,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CCL. Measured Risk Portfolios Inc. purchased a new stake in Carnival during the fourth quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in Carnival during the fourth quarter valued at about $30,000. Millstone Evans Group LLC purchased a new stake in Carnival during the fourth quarter valued at about $34,000. Dunhill Financial LLC boosted its position in Carnival by 1,125.0% during the first quarter. Dunhill Financial LLC now owns 1,862 shares of the company's stock valued at $36,000 after buying an additional 1,710 shares during the period. Finally, Wealthquest Corp purchased a new stake in Carnival during the first quarter valued at about $36,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CCL shares. Stifel Nicolaus upped their price objective on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Northcoast Research started coverage on shares of Carnival in a research note on Friday, April 25th. They set a "neutral" rating for the company. Tigress Financial reaffirmed a "buy" rating on shares of Carnival in a research note on Wednesday, March 26th. Citigroup upped their price objective on shares of Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.06.

Carnival Stock Up 1.4%

Shares of NYSE CCL traded up $0.41 on Thursday, reaching $29.45. 18,729,950 shares of the company's stock traded hands, compared to its average volume of 25,096,443. Carnival Corporation has a 12 month low of $13.78 and a 12 month high of $30.46. The business's 50 day simple moving average is $24.93 and its two-hundred day simple moving average is $23.14. The company has a market cap of $34.37 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 0.64 and a beta of 2.61. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CCL - Get Free Report) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business 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 firm earned $0.11 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival Profile

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.