Brookstone Capital Management Boosts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Brookstone Capital Management boosted its stake in Carnival Co. & plc (NYSE:CCL) by 232.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,973 shares of the company’s stock after purchasing an additional 34,959 shares during the quarter. Brookstone Capital Management’s holdings in Carnival Co. & were worth $817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. Point72 Asset Management L.P. boosted its stake in Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after buying an additional 2,638,564 shares during the last quarter. Norges Bank purchased a new position in shares of Carnival Co. & in the fourth quarter valued at $40,236,000. International Assets Investment Management LLC increased its position in Carnival Co. & by 1,589.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock worth $331,750,000 after purchasing an additional 1,683,434 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Carnival Co. & by 1,599.8% during the fourth quarter. Panagora Asset Management Inc. now owns 963,261 shares of the company’s stock valued at $17,859,000 after purchasing an additional 906,591 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Carnival Co. & by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock valued at $95,001,000 after purchasing an additional 844,014 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CCL shares. Mizuho started coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They set a “buy” rating and a $21.00 target price on the stock. Stifel Nicolaus decreased their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Barclays lifted their target price on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Bank of America increased their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Carnival Co. & Stock Performance

CCL stock opened at $18.72 on Friday. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.32. The company has a market capitalization of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57. The business has a 50-day moving average price of $15.64 and a 200 day moving average price of $16.13.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. Carnival Co. &’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company posted ($0.31) earnings per share. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.19 EPS for the current fiscal 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.