Lecap Asset Management Ltd. purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 28,582 shares of the company’s stock, valued at approximately $528,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after purchasing an additional 3,741 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after buying an additional 24,198 shares during the last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after buying an additional 11,276 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.
Carnival Co. & Trading Down 0.4 %
Shares of CCL stock opened at $20.91 on Friday. The company has a market capitalization of $23.47 billion, a P/E ratio of 32.17 and a beta of 2.69. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The business’s 50 day moving average is $17.97 and its two-hundred day moving average is $16.67. Carnival Co. & plc has a twelve month low of $10.95 and a twelve month high of $21.80.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Tigress Financial boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Argus upped their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley lifted their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $23.53.
Get Our Latest Research Report on CCL
About Carnival Co. &
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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