Richardson Capital Management LLC Invests $26,000 in Carnival Co. & plc (NYSE:CCL)

Richardson Capital Management LLC purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,620 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in Carnival Co. & by 35.1% during the third quarter. FMR LLC now owns 384,505 shares of the company’s stock worth $5,275,000 after buying an additional 99,886 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Carnival Co. & by 676.7% during the third quarter. Acadian Asset Management LLC now owns 11,402 shares of the company’s stock worth $156,000 after purchasing an additional 9,934 shares during the period. LPL Financial LLC increased its position in shares of Carnival Co. & by 16.5% during the third quarter. LPL Financial LLC now owns 837,694 shares of the company’s stock worth $11,493,000 after acquiring an additional 118,408 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Carnival Co. & by 20.4% in the third quarter. Stifel Financial Corp now owns 828,846 shares of the company’s stock valued at $11,372,000 after purchasing an additional 140,258 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its stake in Carnival Co. & by 35.8% during the 3rd quarter. Natixis Advisors L.P. now owns 41,260 shares of the company’s stock valued at $566,000 after acquiring an additional 10,875 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock traded up $0.11 during trading on Friday, hitting $18.72. The stock had a trading volume of 34,276,987 shares, compared to its average volume of 33,236,444. The company has a current ratio of 0.28, a quick ratio of 0.32 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74. The firm has a market cap of $21.01 billion, a price-to-earnings ratio of 28.80 and a beta of 2.57. The business’s 50-day moving average is $15.64 and its 200 day moving average is $16.13.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CCL shares. Deutsche Bank Aktiengesellschaft upped their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. UBS Group raised their price objective on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, Stifel Nicolaus dropped their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.