Phoenix Holdings Ltd. purchased a new stake in Carnival Co. & Plc (NYSE:CCL) during the third quarter, HoldingsChannel reports. The firm purchased 16,900 shares of the company’s stock, valued at approximately $240,000.
A number of other institutional investors and hedge funds have also bought and sold shares of CCL. Oakworth Capital Inc. raised its stake in Carnival Co. & by 5,659.6% in the 3rd quarter. Oakworth Capital Inc. now owns 2,707 shares of the company’s stock valued at $41,000 after acquiring an additional 2,660 shares during the period. Pacific Center for Financial Services grew its holdings in Carnival Co. & by 65.4% in the 2nd quarter. Pacific Center for Financial Services now owns 2,528 shares of the company’s stock valued at $42,000 after buying an additional 1,000 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Carnival Co. & by 36.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,595 shares of the company’s stock valued at $43,000 after buying an additional 691 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in Carnival Co. & by 97.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 3,237 shares of the company’s stock valued at $53,000 after buying an additional 1,594 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its holdings in Carnival Co. & by 82.6% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 3,506 shares of the company’s stock valued at $58,000 after buying an additional 1,586 shares in the last quarter. Institutional investors and hedge funds own 52.19% of the company’s stock.
CCL has been the topic of a number of research reports. Wedbush reaffirmed a “neutral” rating on shares of Carnival Co. & in a report on Friday, October 9th. Morgan Stanley decreased their price objective on Carnival Co. & from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on Carnival Co. & from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, October 7th. Finally, Barclays raised Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Friday, September 25th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Carnival Co. & has a consensus rating of “Hold” and a consensus target price of $17.16.
Carnival Co. & stock opened at $17.37 on Friday. Carnival Co. & Plc has a 12 month low of $7.80 and a 12 month high of $51.94. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $12.52 billion, a PE ratio of -1.69 and a beta of 2.00. The stock has a 50-day moving average price of $15.01 and a two-hundred day moving average price of $15.71.
Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, October 13th. The company reported ($2.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.20) by $0.01. Carnival Co. & had a negative return on equity of 15.57% and a negative net margin of 73.40%. As a group, analysts predict that Carnival Co. & Plc will post -7.42 earnings per share for the current fiscal year.
In related news, Director Richard Glasier acquired 10,000 shares of the stock in a transaction dated Wednesday, October 14th. The stock was bought at an average cost of $14.05 per share, for a total transaction of $140,500.00. Following the completion of the transaction, the director now directly owns 29,843 shares of the company’s stock, valued at $419,294.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 24.00% of the stock is owned by company insiders.
About Carnival Co. &
Carnival Corporation & Plc operates as a leisure travel company. The company's ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names.
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