American Century Companies Inc. Boosts Stock Position in Carnival Co. & plc (NYSE:CCL)

American Century Companies Inc. grew its holdings in Carnival Co. & plc (NYSE:CCL) by 24.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,225 shares of the company’s stock after buying an additional 3,994 shares during the quarter. American Century Companies Inc.’s holdings in Carnival Co. & were worth $533,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CCL. Bluesphere Advisors LLC increased its position in shares of Carnival Co. & by 1.6% during the first quarter. Bluesphere Advisors LLC now owns 25,554 shares of the company’s stock worth $678,000 after purchasing an additional 400 shares in the last quarter. Jeppson Wealth Management LLC increased its position in shares of Carnival Co. & by 2.8% during the first quarter. Jeppson Wealth Management LLC now owns 16,925 shares of the company’s stock worth $449,000 after purchasing an additional 465 shares in the last quarter. IFP Advisors Inc increased its position in shares of Carnival Co. & by 2.3% during the second quarter. IFP Advisors Inc now owns 21,438 shares of the company’s stock worth $572,000 after purchasing an additional 475 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Carnival Co. & by 92.9% during the first quarter. Hexagon Capital Partners LLC now owns 1,038 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares in the last quarter. Finally, Capital Wealth Alliance LLC increased its position in shares of Carnival Co. & by 3.0% during the second quarter. Capital Wealth Alliance LLC now owns 17,420 shares of the company’s stock worth $343,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 52.60% of the company’s stock.

CCL opened at $23.24 on Tuesday. The stock’s 50-day moving average price is $22.77 and its 200 day moving average price is $25.87. Carnival Co. & plc has a 12-month low of $12.11 and a 12-month high of $31.52. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 1.45. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of -2.39 and a beta of 2.31.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, June 28th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.61) by ($0.19). Carnival Co. & had a negative return on equity of 38.85% and a negative net margin of 6,471.63%. The firm had revenue of $50.00 million for the quarter, compared to analyst estimates of $128.88 million. On average, research analysts forecast that Carnival Co. & plc will post -6.01 earnings per share for the current year.

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Carnival Co. & from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, June 17th. Wolfe Research upgraded Carnival Co. & from a “peer perform” rating to an “outperform” rating in a report on Wednesday, June 16th. Stifel Nicolaus upped their target price on Carnival Co. & from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, June 25th. Citigroup upped their target price on Carnival Co. & from $30.00 to $34.00 and gave the company a “buy” rating in a report on Friday, August 6th. Finally, Argus upped their price target on Carnival Co. & from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, June 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.19.

In other Carnival Co. & news, CFO David Bernstein sold 11,662 shares of the stock in a transaction dated Wednesday, July 14th. The stock was sold at an average price of $23.03, for a total value of $268,575.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. 13.30% of the stock is owned by company insiders.

Carnival Co. & 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 Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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

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