Carnival Co. & plc (NYSE:CCL) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 45.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,213 shares of the company’s stock after selling 15,432 shares during the period. Park Avenue Securities LLC’s holdings in Carnival Co. & were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in Carnival Co. & by 79.5% during the 3rd quarter. SG Americas Securities LLC now owns 1,249,294 shares of the company’s stock worth $23,087,000 after acquiring an additional 553,429 shares in the last quarter. Czech National Bank increased its position in shares of Carnival Co. & by 6.9% during the third quarter. Czech National Bank now owns 205,790 shares of the company’s stock worth $3,803,000 after purchasing an additional 13,309 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Carnival Co. & in the 2nd quarter valued at about $624,000. New Century Financial Group LLC boosted its position in shares of Carnival Co. & by 9.0% in the 2nd quarter. New Century Financial Group LLC now owns 71,782 shares of the company’s stock valued at $1,344,000 after purchasing an additional 5,930 shares during the period. Finally, SPX Gestao de Recursos Ltda purchased a new position in Carnival Co. & during the 2nd quarter worth approximately $1,026,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCL. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Argus increased their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. lifted their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Bank of America increased their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $23.53.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $20.43 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. Carnival Co. & plc has a one year low of $10.84 and a one year high of $20.81. The firm has a market capitalization of $22.93 billion, a P/E ratio of 31.43 and a beta of 2.69. The company’s fifty day moving average is $16.91 and its two-hundred day moving average is $16.37.

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

Carnival Co. & 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.