Amalgamated Bank Acquires 94,006 Shares of Carnival Co. & plc (NYSE:CCL)

Amalgamated Bank grew its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 45.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 302,490 shares of the company’s stock after purchasing an additional 94,006 shares during the quarter. Amalgamated Bank’s holdings in Carnival Co. & were worth $5,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the first quarter worth $26,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & in the 2nd quarter valued at approximately $30,000. ICA Group Wealth Management LLC acquired a new stake in Carnival Co. & in the 4th quarter worth approximately $31,000. Finally, BNP Paribas bought a new stake in Carnival Co. & during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

NYSE:CCL opened at $19.00 on Friday. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 29.23 and a beta of 2.68. The company has a 50-day moving average of $16.59 and a 200-day moving average of $16.14. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74. 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 released its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating 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 company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the business earned ($0.31) earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCL has been the topic of a number of recent analyst reports. Citigroup lifted their price target 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. Mizuho boosted their target price on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Bank of America boosted their price objective on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. 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. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $22.63.

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.