Sawtooth Solutions LLC Acquires New Stake in Carnival Corp (NYSE:CCL)

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Sawtooth Solutions LLC purchased a new position in Carnival Corp (NYSE:CCL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,907 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CNB Bank raised its position in shares of Carnival by 448.6% in the 1st quarter. CNB Bank now owns 1,942 shares of the company’s stock valued at $127,000 after purchasing an additional 1,588 shares during the last quarter. Private Capital Group LLC raised its position in Carnival by 2,911.6% during the 1st quarter. Private Capital Group LLC now owns 2,078 shares of the company’s stock worth $136,000 after buying an additional 2,009 shares during the last quarter. Signaturefd LLC purchased a new position in Carnival during the 1st quarter worth approximately $180,000. Chase Investment Counsel Corp purchased a new position in Carnival during the 2nd quarter worth approximately $214,000. Finally, Jump Trading LLC purchased a new position in Carnival during the 1st quarter worth approximately $218,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

A number of brokerages have recently commented on CCL. Credit Suisse Group set a $75.00 price objective on shares of Carnival and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Carnival from a “hold” rating to a “sell” rating in a research note on Monday, August 27th. Berenberg Bank raised shares of Carnival from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Stifel Nicolaus lifted their price target on shares of Carnival from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 19th. Finally, Buckingham Research lowered their target price on shares of Carnival from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Friday, May 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Carnival presently has a consensus rating of “Buy” and a consensus target price of $74.00.

NYSE CCL traded up $1.25 during trading on Friday, hitting $63.95. The stock had a trading volume of 4,393,593 shares, compared to its average volume of 2,815,015. The company has a market cap of $33.18 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.24 and a quick ratio of 0.20. Carnival Corp has a twelve month low of $56.45 and a twelve month high of $72.70.

Carnival (NYSE:CCL) last released its earnings results on Monday, June 25th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.09. Carnival had a return on equity of 12.31% and a net margin of 15.40%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the previous year, the company posted $0.52 EPS. Carnival’s revenue was up 10.4% compared to the same quarter last year. analysts anticipate that Carnival Corp will post 4.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 24th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Thursday, August 23rd. Carnival’s dividend payout ratio is presently 52.36%.

Carnival Company Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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