Sanctuary Advisors LLC Invests $624,000 in Carnival Co. & plc (NYSE:CCL)

Sanctuary Advisors LLC bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 33,349 shares of the company’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American International Group Inc. lifted its position in shares of Carnival Co. & by 2.3% during the fourth quarter. American International Group Inc. now owns 272,636 shares of the company’s stock worth $5,055,000 after purchasing an additional 6,201 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after acquiring an additional 559,038 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Carnival Co. & by 6.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 18,559 shares of the company’s stock worth $344,000 after acquiring an additional 1,162 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Carnival Co. & by 7.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock worth $3,266,000 after acquiring an additional 12,017 shares in the last quarter. Finally, Symmetry Partners LLC purchased a new position in Carnival Co. & in the first quarter valued at about $185,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Susquehanna reissued a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday, June 26th. Argus increased their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Stock Down 1.1 %

Shares of CCL stock opened at $20.21 on Tuesday. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $20.81. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The business’s fifty day moving average is $17.03 and its 200-day moving average is $16.40. The stock has a market cap of $22.68 billion, a PE ratio of 31.09 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. &’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. Equities analysts expect that Carnival Co. & plc will post 1.33 earnings per share 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.