Spirepoint Private Client LLC Acquires Shares of 10,729 Carnival Corporation (NYSE:CCL)

Spirepoint Private Client LLC acquired a new position in Carnival Corporation (NYSE:CCL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,729 shares of the company's stock, valued at approximately $210,000.

Several other institutional investors have also recently made changes to their positions in the business. Illinois Municipal Retirement Fund raised its stake in shares of Carnival by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after buying an additional 203,710 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Carnival by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after acquiring an additional 18,269 shares during the period. Norges Bank acquired a new position in Carnival in the fourth quarter valued at approximately $59,486,000. Charles Schwab Investment Management Inc. grew its stake in shares of Carnival by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company's stock worth $155,745,000 after purchasing an additional 223,195 shares during the period. Finally, Beck Bode LLC purchased a new position in shares of Carnival during the 4th quarter valued at approximately $5,715,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CCL. Loop Capital restated a "hold" rating and set a $22.00 price target on shares of Carnival in a research report on Monday. Stifel Nicolaus set a $33.00 target price on Carnival in a research report on Monday. Citigroup restated a "hold" rating on shares of Carnival in a research report on Monday. Hsbc Global Res upgraded Carnival from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, HSBC raised shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price target for the company in a report on Friday, May 16th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival presently has an average rating of "Moderate Buy" and an average target price of $26.79.

Carnival Stock Performance

NYSE CCL opened at $25.72 on Wednesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.21 and a current ratio of 0.26. The stock's fifty day moving average is $21.73 and its two-hundred day moving average is $22.81. The firm has a market capitalization of $30.00 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 0.56 and a beta of 2.58. Carnival Corporation has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 26.53% and a net margin of 8.07%. The business had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm earned $0.11 EPS. The company's quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current 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.

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