Pallas Capital Advisors LLC Purchases Shares of 35,343 Carnival Co. & plc (NYSE:CCL)

Pallas Capital Advisors LLC acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 35,343 shares of the company’s stock, valued at approximately $653,000.

Several other large investors have also modified their holdings of CCL. Family Firm Inc. acquired a new stake in Carnival Co. & during the 2nd quarter worth $26,000. Hantz Financial Services Inc. purchased a new position in shares of Carnival Co. & during the second quarter worth about $30,000. BNP Paribas acquired a new stake in shares of Carnival Co. & during the first quarter worth about $32,000. CVA Family Office LLC lifted its holdings in shares of Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Carnival Co. & in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Stifel Nicolaus upped their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $22.16 on Thursday. The company has a market cap of $25.58 billion, a P/E ratio of 19.79 and a beta of 2.69. The business has a fifty day simple moving average of $18.58 and a 200-day simple moving average of $16.90. Carnival Co. & plc has a 52 week low of $11.10 and a 52 week high of $22.39. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities research analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Carnival Co. & Company Profile

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.