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

Sanctuary Advisors LLC acquired a new position in Carnival Co. & plc (NYSE:CCL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,349 shares of the company’s stock, valued at approximately $624,000.

A number of other hedge funds have also made changes to their positions in the stock. Continuum Advisory LLC lifted its holdings in shares of Carnival Co. & by 22.1% during the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after buying an additional 630 shares during the last quarter. GAMMA Investing LLC boosted its position in Carnival Co. & by 7.5% during the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares during the period. Texas Permanent School Fund Corp boosted its position in Carnival Co. & by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after purchasing an additional 737 shares during the period. Finally, Fidelis Capital Partners LLC raised its position in shares of Carnival Co. & by 6.6% in the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after purchasing an additional 764 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCL shares. Barclays raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley increased their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Finally, Tigress Financial increased their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Price Performance

NYSE:CCL opened at $20.21 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The firm has a market cap of $22.68 billion, a PE ratio of 31.09 and a beta of 2.69. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $20.81. The company’s 50-day moving average price is $17.03 and its two-hundred day moving average price is $16.40.

Carnival Co. & (NYSE:CCL) last announced its 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 return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the business earned $0.86 EPS. Carnival Co. &’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

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.