New Age Alpha Advisors LLC Buys New Holdings in Carnival Corporation (NYSE:CCL)

New Age Alpha Advisors LLC bought a new stake in Carnival Corporation (NYSE:CCL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,509 shares of the company’s stock, valued at approximately $49,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. N.E.W. Advisory Services LLC acquired a new position in Carnival in the first quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new position in Carnival in the first quarter valued at $26,000. Measured Risk Portfolios Inc. acquired a new position in Carnival in the fourth quarter valued at $29,000. Orion Capital Management LLC acquired a new position in Carnival in the fourth quarter valued at $30,000. Finally, Dunhill Financial LLC boosted its holdings in Carnival by 1,125.0% in the first quarter. Dunhill Financial LLC now owns 1,862 shares of the company’s stock valued at $36,000 after acquiring an additional 1,710 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCL. HSBC upgraded Carnival from a “reduce” rating to a “hold” rating and set a $24.00 price objective on the stock in a research note on Friday, May 16th. Citigroup boosted their price objective on Carnival from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Macquarie reduced their price objective on Carnival from $31.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Tigress Financial boosted their price objective on Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Mizuho boosted their price objective on Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 25th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Carnival has a consensus rating of “Moderate Buy” and a consensus target price of $30.71.

Carnival Stock Up 0.8%

Shares of NYSE CCL opened at $28.60 on Tuesday. Carnival Corporation has a 1 year low of $14.49 and a 1 year high of $31.01. The firm has a market cap of $33.39 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.63 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The stock’s 50-day simple moving average is $27.43 and its 200-day simple moving average is $23.71.

Carnival (NYSE:CCL) last announced its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts anticipate that Carnival Corporation will post 1.77 earnings per share 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.