Choreo LLC Invests $258,000 in Carnival Co. & plc (NYSE:CCL)

Choreo LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,546 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Richardson Capital Management LLC bought a new position in shares of Carnival Co. & during the first quarter valued at approximately $26,000. Family Firm Inc. bought a new position in Carnival Co. & during the 2nd quarter worth $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & in the second quarter worth $30,000. ICA Group Wealth Management LLC bought a new stake in Carnival Co. & in the fourth quarter valued at $31,000. Finally, BNP Paribas acquired a new position in shares of Carnival Co. & during the first quarter valued at $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Argus lifted their price objective 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. Bank of America lifted their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Citigroup raised their target price on 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 boosted their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Carnival Co. & Trading Up 1.8 %

Carnival Co. & stock opened at $18.36 on Thursday. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 28.25 and a beta of 2.68. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The firm’s 50 day moving average price is $16.56 and its two-hundred day moving average price is $16.10. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the previous year, the firm posted ($0.31) EPS. The company’s quarterly revenue was up 17.7% on a year-over-year basis. On average, research analysts predict 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.