Ashton Thomas Private Wealth LLC Makes New $97,000 Investment in Carnival Co. & plc (NYSE:CCL)

Ashton Thomas Private Wealth LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,165 shares of the company’s stock, valued at approximately $97,000.

Other hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Carnival Co. & during the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & during the 2nd quarter worth approximately $30,000. Richardson Capital Management LLC purchased a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $31,000. Finally, BNP Paribas purchased a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $32,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCL has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Citigroup increased their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Finally, Argus increased their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.25.

Carnival Co. & Stock Up 2.0 %

Shares of NYSE:CCL opened at $17.26 on Friday. The stock has a market cap of $19.37 billion, a P/E ratio of 26.55 and a beta of 2.68. The firm has a fifty day moving average price of $16.54 and a 200 day moving average price of $16.05. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74.

Carnival Co. & (NYSE:CCL) last released its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter last year, the business earned ($0.31) EPS. The business’s revenue was up 17.7% on a year-over-year basis. Sell-side analysts predict that Carnival Co. & plc will post 1.19 EPS for the current 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.