Golden State Equity Partners Purchases 21,166 Shares of Carnival Co. & plc (NYSE:CCL)

Golden State Equity Partners increased its position in Carnival Co. & plc (NYSE:CCLGet Rating) by 133.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 36,970 shares of the company’s stock after acquiring an additional 21,166 shares during the quarter. Golden State Equity Partners’ holdings in Carnival Co. & were worth $981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Vanguard Group Inc. lifted its holdings in Carnival Co. & by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 90,114,182 shares of the company’s stock worth $1,822,109,000 after purchasing an additional 3,122,603 shares in the last quarter. Candlestick Capital Management LP increased its position in shares of Carnival Co. & by 26.3% during the fourth quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company’s stock valued at $111,808,000 after buying an additional 1,157,058 shares during the period. Sirios Capital Management L P lifted its holdings in shares of Carnival Co. & by 76.0% in the fourth quarter. Sirios Capital Management L P now owns 1,436,611 shares of the company’s stock worth $28,905,000 after buying an additional 620,474 shares in the last quarter. Ergoteles LLC boosted its position in shares of Carnival Co. & by 310.1% in the first quarter. Ergoteles LLC now owns 712,426 shares of the company’s stock valued at $14,405,000 after acquiring an additional 538,688 shares during the period. Finally, Swiss National Bank grew its stake in Carnival Co. & by 14.8% during the first quarter. Swiss National Bank now owns 3,611,827 shares of the company’s stock valued at $73,031,000 after acquiring an additional 465,500 shares in the last quarter. 50.56% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $10.24 on Wednesday. The firm has a fifty day simple moving average of $9.70 and a two-hundred day simple moving average of $13.48. Carnival Co. & plc has a twelve month low of $8.10 and a twelve month high of $27.39. The company has a market capitalization of $10.18 billion, a PE ratio of -1.27 and a beta of 2.03. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 3.54.

Carnival Co. & (NYSE:CCLGet Rating) last released its earnings results on Friday, June 24th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($0.50). The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.83 billion. Carnival Co. & had a negative net margin of 156.75% and a negative return on equity of 67.51%. During the same period last year, the firm posted ($1.80) EPS. Research analysts expect that Carnival Co. & plc will post -3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. HSBC lowered their target price on shares of Carnival Co. & from $18.20 to $7.70 and set a “reduce” rating on the stock in a research note on Tuesday, June 14th. Wells Fargo & Company reduced their target price on Carnival Co. & from $21.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, June 27th. Susquehanna Bancshares began coverage on Carnival Co. & in a research note on Thursday, June 9th. They issued a “neutral” rating and a $15.00 target price on the stock. Barclays started coverage on Carnival Co. & in a research report on Tuesday, June 28th. They set an “overweight” rating and a $14.00 price target for the company. Finally, Morgan Stanley decreased their price objective on shares of Carnival Co. & from $13.00 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 29th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.98.

About Carnival Co. &

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Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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

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