BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Holdings in Carnival Co. & plc (NYSE:CCL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Carnival Co. & plc (NYSE:CCL) by 19.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 152,776 shares of the company’s stock after purchasing an additional 25,219 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Carnival Co. & were worth $4,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Certified Advisory Corp purchased a new position in shares of Carnival Co. & in the first quarter worth about $26,000. Corsicana & Co. purchased a new position in shares of Carnival Co. & in the second quarter worth about $26,000. Hexagon Capital Partners LLC raised its stake in shares of Carnival Co. & by 92.9% in the first quarter. Hexagon Capital Partners LLC now owns 1,038 shares of the company’s stock worth $27,000 after purchasing an additional 500 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Carnival Co. & in the second quarter worth about $32,000. Finally, Aspire Private Capital LLC purchased a new position in shares of Carnival Co. & in the first quarter worth about $33,000. Hedge funds and other institutional investors own 52.60% of the company’s stock.

In other news, CFO David Bernstein sold 11,662 shares of Carnival Co. & stock in a transaction that occurred on Wednesday, July 14th. The stock was sold at an average price of $23.03, for a total value of $268,575.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 13.30% of the company’s stock.

Several research analysts recently weighed in on CCL shares. Wolfe Research upgraded Carnival Co. & from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, June 16th. Citigroup lifted their price target on Carnival Co. & from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, August 6th. Stifel Nicolaus lifted their price target on Carnival Co. & from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, June 25th. Argus lifted their price target on Carnival Co. & from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, June 11th. Finally, JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, June 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Hold” and an average price target of $29.19.

Shares of NYSE:CCL opened at $22.86 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.13. The business’s 50 day moving average price is $22.83 and its 200-day moving average price is $25.99. The firm has a market capitalization of $22.26 billion, a PE ratio of -2.35 and a beta of 2.31. Carnival Co. & plc has a 1 year low of $12.11 and a 1 year high of $31.52.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, June 28th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.61) by ($0.19). The firm had revenue of $50.00 million during the quarter, compared to analyst estimates of $128.88 million. Carnival Co. & had a negative return on equity of 38.85% and a negative net margin of 6,471.63%. As a group, analysts expect that Carnival Co. & plc will post -6.01 earnings per share for the current year.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise; Europe and Asia (EA) Cruise Operations; Cruise Support; and Tour and Others. The North America and Australia (NAA) Cruise segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

See Also: Equity Income

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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