Xponance Inc. Trims Stake in Carnival Co. & plc (NYSE:CCL)

Xponance Inc. lowered its holdings in Carnival Co. & plc (NYSE:CCL) by 18.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,335 shares of the company’s stock after selling 29,520 shares during the period. Xponance Inc.’s holdings in Carnival Co. & were worth $2,496,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Continuum Advisory LLC increased its stake in Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after acquiring an additional 630 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Carnival Co. & by 7.5% in the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after purchasing an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after buying an additional 737 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after buying an additional 764 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 3.5 %

Shares of NYSE CCL opened at $18.67 on Friday. The firm has a fifty day simple moving average of $16.58 and a two-hundred day simple moving average of $16.20. The firm has a market capitalization of $20.96 billion, a PE ratio of 28.72 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 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 business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period last year, the business posted ($0.31) earnings per share. Carnival Co. &’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities analysts expect that Carnival Co. & plc will post 1.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCL has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Mizuho lifted 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, September 19th. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Argus lifted their price objective on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, Citigroup boosted their target price on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.63.

About Carnival Co. &

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.