Summit Place Financial Advisors LLC Has $376,000 Stock Position in Carnival Co. & plc (NYSE:CCL)

Summit Place Financial Advisors LLC cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,373 shares of the company’s stock after selling 2,000 shares during the period. Summit Place Financial Advisors LLC’s holdings in Carnival Co. & were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CCL. Park Avenue Securities LLC acquired a new stake in Carnival Co. & during the 1st quarter worth $458,000. Kingswood Wealth Advisors LLC acquired a new position in Carnival Co. & in the first quarter valued at about $231,000. Brookstone Capital Management lifted its stake in Carnival Co. & by 232.8% in the first quarter. Brookstone Capital Management now owns 49,973 shares of the company’s stock valued at $817,000 after buying an additional 34,959 shares during the period. Oxinas Partners Wealth Management LLC grew its position in shares of Carnival Co. & by 16.9% during the 1st quarter. Oxinas Partners Wealth Management LLC now owns 76,204 shares of the company’s stock worth $1,245,000 after buying an additional 11,000 shares during the period. Finally, Silverlake Wealth Management LLC grew its position in shares of Carnival Co. & by 43.3% during the 1st quarter. Silverlake Wealth Management LLC now owns 62,953 shares of the company’s stock worth $1,029,000 after buying an additional 19,012 shares during the period. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CCL. JPMorgan Chase & Co. lifted their price objective 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 increased their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Macquarie lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Finally, Barclays lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Trading Up 5.9 %

Shares of CCL stock opened at $22.14 on Monday. The business has a 50-day moving average price of $18.19 and a two-hundred day moving average price of $16.76. Carnival Co. & plc has a 12-month low of $11.10 and a 12-month high of $22.39. 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 $24.85 billion, a P/E ratio of 32.17 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Equities analysts anticipate that Carnival Co. & plc will post 1.33 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.