Left Brain Wealth Management LLC Grows Stock Position in Carnival Co. & plc (NYSE:CCL)

Left Brain Wealth Management LLC raised its stake in shares of Carnival Co. & plc (NYSE:CCLFree Report) by 103.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 36,904 shares of the company’s stock after buying an additional 18,745 shares during the period. Left Brain Wealth Management LLC’s holdings in Carnival Co. & were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. WealthPlan Investment Management LLC acquired a new stake in shares of Carnival Co. & during the 3rd quarter valued at about $314,000. Janney Montgomery Scott LLC grew its position in shares of Carnival Co. & by 224.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 190,048 shares of the company’s stock valued at $2,607,000 after acquiring an additional 131,459 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Carnival Co. & by 6.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 53,472 shares of the company’s stock valued at $734,000 after acquiring an additional 3,104 shares during the period. Pathstone Family Office LLC grew its position in shares of Carnival Co. & by 72.3% during the 3rd quarter. Pathstone Family Office LLC now owns 24,748 shares of the company’s stock valued at $340,000 after acquiring an additional 10,385 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Carnival Co. & by 0.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 581,126 shares of the company’s stock valued at $7,973,000 after acquiring an additional 3,715 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

CCL has been the topic of a number of analyst reports. Barclays raised their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Tigress Financial raised their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Macquarie lifted their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus lowered their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Susquehanna lowered their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.53.

Read Our Latest Stock Report on CCL

Carnival Co. & Trading Down 1.0 %

Shares of CCL stock traded down $0.16 during trading on Tuesday, hitting $16.37. 7,313,701 shares of the stock traded hands, compared to its average volume of 30,561,379. The firm has a market capitalization of $18.37 billion, a P/E ratio of 63.15 and a beta of 2.57. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The firm’s fifty day moving average price is $15.09 and its 200-day moving average price is $16.08. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCLGet Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.55) EPS. As a group, research analysts forecast that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

(Free Report)

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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