PFG Investments LLC Purchases New Holdings in Carnival Co. & plc (NYSE:CCL)

PFG Investments LLC acquired a new stake in Carnival Co. & plc (NYSE:CCL) during the first quarter, according to its most recent filing with the SEC. The firm acquired 23,026 shares of the company’s stock, valued at approximately $376,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Century Financial Group LLC acquired a new position in Carnival Co. & during the first quarter worth $1,076,000. Advisor Resource Council acquired a new position in shares of Carnival Co. & during the 1st quarter worth $178,000. Silverlake Wealth Management LLC increased its holdings in shares of Carnival Co. & by 43.3% in the 1st quarter. Silverlake Wealth Management LLC now owns 62,953 shares of the company’s stock valued at $1,029,000 after purchasing an additional 19,012 shares in the last quarter. Oxinas Partners Wealth Management LLC lifted its stake in shares of Carnival Co. & by 16.9% in the first quarter. Oxinas Partners Wealth Management LLC now owns 76,204 shares of the company’s stock valued at $1,245,000 after purchasing an additional 11,000 shares during the period. Finally, SteelPeak Wealth LLC purchased a new stake in Carnival Co. & during the first quarter worth about $1,317,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CCL shares. Susquehanna reduced their price target on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday, March 25th. Macquarie lifted their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Tigress Financial increased their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Company upgraded Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Trading Down 2.0 %

Shares of NYSE:CCL traded down $0.31 during trading on Tuesday, reaching $14.83. 22,937,610 shares of the stock were exchanged, compared to its average volume of 31,466,338. Carnival Co. & plc has a 12-month low of $9.17 and a 12-month high of $19.74. The firm’s 50-day moving average price is $15.59 and its 200 day moving average price is $15.53. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 57.02 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. Carnival Co. &’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.55) earnings per share. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.00% of the stock is currently owned by insiders.

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.