Sargent Investment Group LLC Acquires Shares of 25,569 Carnival Co. & plc (NYSE:CCL)

Sargent Investment Group LLC purchased a new position in Carnival Co. & plc (NYSE:CCL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,569 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after acquiring an additional 2,911,100 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after purchasing an additional 2,638,564 shares during the last quarter. Norges Bank acquired a new position in Carnival Co. & in the fourth quarter worth $40,236,000. Goldentree Asset Management LP bought a new stake in Carnival Co. & during the first quarter valued at $31,917,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Carnival Co. & during the first quarter worth $27,302,000. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCL has been the subject of a number of recent research reports. Citigroup boosted 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. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Morgan Stanley upped their price objective on Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Bank of America upped their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Carnival Co. & Stock Up 3.3 %

Shares of CCL stock opened at $17.83 on Tuesday. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year 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. The business’s fifty day moving average is $16.54 and its 200-day moving average is $16.07. The stock has a market cap of $20.01 billion, a PE ratio of 27.43 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (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 for the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter in the previous year, the company posted ($0.31) EPS. The business’s revenue was up 17.7% compared to the same quarter last year. Equities analysts expect that Carnival Co. & plc will post 1.19 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.