Triton Wealth Management PLLC Grows Holdings in Carnival Co. & plc (NYSE:CCL)

Triton Wealth Management PLLC increased its position in Carnival Co. & plc (NYSE:CCL) by 4.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 37,274 shares of the company’s stock after acquiring an additional 1,693 shares during the period. Triton Wealth Management PLLC’s holdings in Carnival Co. & were worth $673,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Richardson Capital Management LLC purchased a new position in shares of Carnival Co. & during the 1st 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. purchased a new position in shares of Carnival Co. & during the 2nd quarter worth about $30,000. BNP Paribas acquired a new stake in shares of Carnival Co. & in the first quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & in the first quarter worth approximately $34,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCL. JPMorgan Chase & Co. increased their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Morgan Stanley lifted their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday. Citigroup boosted their price target on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Mizuho lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Barclays boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.97.

Carnival Co. & Stock Up 3.9 %

Shares of CCL traded up $0.68 during trading on Friday, reaching $18.02. The company’s stock had a trading volume of 31,753,075 shares, compared to its average volume of 30,088,650. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 27.72 and a beta of 2.69. The company has a fifty day moving average of $16.58 and a two-hundred day moving average of $16.29.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. On average, sell-side analysts predict that Carnival Co. & plc will post 1.21 EPS 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.