Victory Capital Management Inc. lifted its stake in shares of Carnival Co. & plc (NYSE:CCL – Free Report) by 9.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,727 shares of the company’s stock after buying an additional 3,259 shares during the period. Victory Capital Management Inc.’s holdings in Carnival Co. & were worth $729,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Desjardins Global Asset Management Inc. lifted its stake in shares of Carnival Co. & by 210.9% during the first quarter. Desjardins Global Asset Management Inc. now owns 2,587 shares of the company’s stock worth $26,000 after buying an additional 1,755 shares during the period. Manchester Capital Management LLC acquired a new position in Carnival Co. & during the first quarter valued at $29,000. Pacific Center for Financial Services acquired a new position in Carnival Co. & during the first quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in Carnival Co. & by 272.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,337 shares of the company’s stock valued at $34,000 after purchasing an additional 2,440 shares during the period. Finally, UMB Bank n.a. lifted its position in Carnival Co. & by 48.4% during the second quarter. UMB Bank n.a. now owns 2,068 shares of the company’s stock valued at $39,000 after purchasing an additional 674 shares during the period. 55.54% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Stock Down 1.4 %
Shares of NYSE CCL opened at $11.30 on Thursday. Carnival Co. & plc has a 12-month low of $7.53 and a 12-month high of $19.55. The stock has a market cap of $12.65 billion, a PE ratio of -8.33 and a beta of 2.40. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 4.24. The company has a 50-day moving average of $13.83 and a 200 day moving average of $14.16.
Insider Activity
In other news, Director Randall J. Weisenburger purchased 100,000 shares of the company’s stock in a transaction dated Thursday, October 19th. The stock was acquired at an average price of $11.50 per share, with a total value of $1,150,000.00. Following the purchase, the director now directly owns 378,368 shares in the company, valued at approximately $4,351,232. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Randall J. Weisenburger acquired 350,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were purchased at an average cost of $12.99 per share, for a total transaction of $4,546,500.00. Following the acquisition, the director now owns 961,238 shares in the company, valued at approximately $12,486,481.62. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Randall J. Weisenburger acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was bought at an average price of $11.50 per share, for a total transaction of $1,150,000.00. Following the completion of the acquisition, the director now owns 378,368 shares in the company, valued at approximately $4,351,232. The disclosure for this purchase can be found here. Corporate insiders own 11.10% of the company’s stock.
Wall Street Analysts Forecast Growth
CCL has been the subject of a number of research reports. Barclays decreased their target price on shares of Carnival Co. & from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, September 21st. Stifel Nicolaus decreased their price objective on shares of Carnival Co. & from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, October 2nd. Morgan Stanley decreased their price objective on shares of Carnival Co. & from $11.50 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday, October 3rd. Susquehanna decreased their price objective on shares of Carnival Co. & from $17.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, October 2nd. Finally, StockNews.com upgraded shares of Carnival Co. & from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.67.
Read Our Latest Analysis on Carnival Co. &
Carnival Co. & Profile
Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names.
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