Oxinas Partners Wealth Management LLC Buys 11,000 Shares of Carnival Co. & plc (NYSE:CCL)

Oxinas Partners Wealth Management LLC boosted its position in Carnival Co. & plc (NYSE:CCL) by 16.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 76,204 shares of the company’s stock after purchasing an additional 11,000 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Carnival Co. & were worth $1,245,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. raised its position in shares of Carnival Co. & by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after buying an additional 2,638,564 shares in the last quarter. Norges Bank purchased a new position in Carnival Co. & in the 4th quarter worth approximately $40,236,000. International Assets Investment Management LLC grew its holdings in shares of Carnival Co. & by 1,589.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock worth $331,750,000 after purchasing an additional 1,683,434 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Carnival Co. & by 1,599.8% in the fourth quarter. Panagora Asset Management Inc. now owns 963,261 shares of the company’s stock worth $17,859,000 after buying an additional 906,591 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Carnival Co. & by 19.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock valued at $95,001,000 after buying an additional 844,014 shares during the period. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus upped their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. upped their target price on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Macquarie increased their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Barclays upped their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Susquehanna restated a “positive” rating and issued a $22.00 price objective on shares of Carnival Co. & in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.83.

Carnival Co. & Stock Performance

Shares of CCL stock traded down $0.15 on Tuesday, reaching $17.56. The stock had a trading volume of 23,926,919 shares, compared to its average volume of 31,511,889. The stock has a market cap of $19.71 billion, a P/E ratio of 27.12 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $16.11.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the company posted ($0.31) EPS. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities research analysts expect that Carnival Co. & plc will post 1.19 EPS for the current 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.