Tlwm Makes New $650,000 Investment in Carnival Co. & plc (NYSE:CCL)

Tlwm bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,537 shares of the company’s stock, valued at approximately $650,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Carnival Co. & by 40.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,701 shares of the company’s stock worth $1,292,000 after purchasing an additional 14,015 shares in the last quarter. InterOcean Capital Group LLC purchased a new stake in Carnival Co. & during the 1st quarter valued at about $1,993,000. Rhumbline Advisers grew its stake in Carnival Co. & by 10.9% during the 2nd quarter. Rhumbline Advisers now owns 1,276,782 shares of the company’s stock valued at $33,656,000 after acquiring an additional 125,760 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Carnival Co. & by 12.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,779,889 shares of the company’s stock valued at $73,778,000 after acquiring an additional 310,107 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Carnival Co. & by 6.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 217,047 shares of the company’s stock valued at $5,721,000 after acquiring an additional 13,656 shares in the last quarter. 52.60% of the stock is owned by institutional investors and hedge funds.

In related news, CFO David Bernstein sold 11,662 shares of the stock in a transaction on Wednesday, July 14th. The shares were sold at an average price of $23.03, for a total value of $268,575.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.30% of the company’s stock.

Several analysts recently issued reports on CCL shares. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, June 25th. Wolfe Research raised shares of Carnival Co. & from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, June 16th. Citigroup increased their price target on shares of Carnival Co. & from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, August 6th. Argus upped their price objective on shares of Carnival Co. & from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Carnival Co. & from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, June 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.19.

Shares of NYSE CCL traded down $0.26 during mid-day trading on Wednesday, reaching $22.60. The company had a trading volume of 550,731 shares, compared to its average volume of 34,758,961. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 1.45. The firm has a 50 day simple moving average of $22.83 and a two-hundred day simple moving average of $25.99. The stock has a market cap of $22.01 billion, a P/E ratio of -2.35 and a beta of 2.31. Carnival Co. & plc has a 52-week low of $12.11 and a 52-week high of $31.52.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, June 28th. The company reported ($1.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.61) by ($0.19). The company had revenue of $50.00 million during the quarter, compared to analysts’ expectations of $128.88 million. Carnival Co. & had a negative net margin of 6,471.63% and a negative return on equity of 38.85%. On average, equities analysts expect that Carnival Co. & plc will post -6.01 EPS for the current year.

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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