SG Americas Securities LLC Has $16.44 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

SG Americas Securities LLC lifted its stake in Carnival Co. & plc (NYSE:CCL) by 224.5% in the first quarter, HoldingsChannel reports. The firm owned 1,006,321 shares of the company’s stock after purchasing an additional 696,250 shares during the period. SG Americas Securities LLC’s holdings in Carnival Co. & were worth $16,443,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Toroso Investments LLC lifted its position in shares of Carnival Co. & by 30.5% in the 3rd quarter. Toroso Investments LLC now owns 62,475 shares of the company’s stock valued at $857,000 after acquiring an additional 14,595 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in Carnival Co. & in the third quarter worth approximately $169,000. Deutsche Bank AG increased its stake in shares of Carnival Co. & by 7.4% during the 3rd quarter. Deutsche Bank AG now owns 1,727,758 shares of the company’s stock worth $23,705,000 after purchasing an additional 119,270 shares during the last quarter. Banque Pictet & Cie SA bought a new position in shares of Carnival Co. & during the 3rd quarter valued at $374,000. Finally, American Century Companies Inc. lifted its stake in shares of Carnival Co. & by 241.7% in the 3rd quarter. American Century Companies Inc. now owns 487,635 shares of the company’s stock valued at $6,690,000 after purchasing an additional 344,947 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Susquehanna reaffirmed a “positive” rating and set a $22.00 price objective on shares of Carnival Co. & in a report on Wednesday, June 26th. Barclays boosted 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. Mizuho assumed coverage on Carnival Co. & in a research report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Macquarie boosted their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $21.83.

Carnival Co. & Price Performance

Shares of CCL stock traded up $0.11 during trading hours on Friday, hitting $18.23. The company had a trading volume of 22,504,454 shares, compared to its average volume of 32,127,116. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of 28.05 and a beta of 2.68. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74. The firm’s fifty day moving average is $16.23 and its 200 day moving average is $16.08.

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

Carnival Co. & 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.