Fortem Financial Group LLC Has $273,000 Holdings in Carnival Co. & plc (NYSE:CCL)

Fortem Financial Group LLC lessened its stake in Carnival Co. & plc (NYSE:CCL) by 9.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,916 shares of the company’s stock after selling 1,120 shares during the quarter. Fortem Financial Group LLC’s holdings in Carnival Co. & were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCL. Eaton Vance Management increased its position in Carnival Co. & by 12.2% in the 1st quarter. Eaton Vance Management now owns 27,733 shares of the company’s stock valued at $736,000 after acquiring an additional 3,020 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Carnival Co. & by 160.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,770 shares of the company’s stock valued at $153,000 after acquiring an additional 3,558 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Carnival Co. & in the 1st quarter valued at about $343,000. Schroder Investment Management Group increased its position in Carnival Co. & by 109.6% in the 1st quarter. Schroder Investment Management Group now owns 44,036 shares of the company’s stock valued at $1,169,000 after acquiring an additional 23,031 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in Carnival Co. & by 4.7% in the 1st quarter. Advisory Services Network LLC now owns 102,887 shares of the company’s stock valued at $2,731,000 after acquiring an additional 4,576 shares in the last quarter. Hedge funds and other institutional investors own 52.57% of the company’s stock.

Shares of CCL opened at $17.95 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.90 and a current ratio of 0.94. Carnival Co. & plc has a twelve month low of $17.20 and a twelve month high of $31.52. The firm’s 50 day moving average price is $23.09 and its two-hundred day moving average price is $24.45. The firm has a market cap of $17.48 billion, a P/E ratio of -2.10 and a beta of 2.13.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Thursday, September 30th. The company reported ($1.75) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.53) by ($0.22). Carnival Co. & had a negative net margin of 1,387.65% and a negative return on equity of 42.88%. The company had revenue of $546.00 million during the quarter, compared to the consensus estimate of $737.28 million. During the same period in the previous year, the firm posted ($2.19) EPS. On average, sell-side analysts anticipate that Carnival Co. & plc will post -6.68 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. Berenberg Bank upgraded shares of Carnival Co. & from a “sell” rating to a “hold” rating and set a $23.50 price target for the company in a research report on Thursday, October 21st. UBS Group reiterated a “buy” rating and set a $39.00 price target on shares of Carnival Co. & in a research report on Monday, September 27th. Credit Suisse Group lifted their price target on shares of Carnival Co. & from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 5th. Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price target on shares of Carnival Co. & in a research report on Wednesday, September 29th. Finally, Citigroup cut shares of Carnival Co. & from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $34.00 to $24.50 in a research report on Monday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.58.

Carnival Co. & Company 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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