Cerity Partners LLC Invests $330,000 in Carnival Co. & plc (NYSE:CCL)

Cerity Partners LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,784 shares of the company’s stock, valued at approximately $330,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC grew its holdings in Carnival Co. & by 447.6% during the third quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock valued at $2,959,000 after purchasing an additional 176,286 shares during the last quarter. Bellwether Advisors LLC acquired a new position in Carnival Co. & during the 4th quarter worth $1,368,000. Patton Fund Management Inc. boosted its holdings in Carnival Co. & by 981.9% during the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock valued at $1,497,000 after acquiring an additional 99,046 shares during the period. Nordea Investment Management AB grew its position in shares of Carnival Co. & by 126.1% in the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock valued at $13,782,000 after purchasing an additional 413,082 shares during the last quarter. Finally, Blackstone Inc. increased its stake in shares of Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after purchasing an additional 1,010,000 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CCL. Argus decreased their target price on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. 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 report on Thursday, March 28th. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price target on the stock. Barclays upped their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, Susquehanna reduced their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Stock Performance

Shares of CCL opened at $15.09 on Friday. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The firm has a market cap of $16.93 billion, a PE ratio of 58.02 and a beta of 2.54. Carnival Co. & plc has a 1 year low of $8.72 and a 1 year high of $19.74. The stock’s fifty day moving average price is $15.58 and its two-hundred day moving average price is $15.46.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company’s revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.55) earnings per share. On average, equities research analysts forecast that Carnival Co. & plc will post 1.02 EPS for the current year.

About Carnival Co. &

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.