Nissay Asset Management Corp Japan ADV lifted its holdings in Carnival Corp (NYSE:CCL) by 37.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,333 shares of the company’s stock after buying an additional 14,718 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Carnival were worth $892,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Public Investment Fund purchased a new position in shares of Carnival during the 1st quarter worth about $456,856,000. State Street Corp raised its stake in shares of Carnival by 5.2% during the 1st quarter. State Street Corp now owns 18,875,172 shares of the company’s stock worth $248,586,000 after purchasing an additional 927,732 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Carnival by 24.6% during the 1st quarter. Bank of New York Mellon Corp now owns 6,235,731 shares of the company’s stock worth $82,124,000 after purchasing an additional 1,232,804 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Carnival by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 5,530,189 shares of the company’s stock worth $72,668,000 after purchasing an additional 51,810 shares in the last quarter. Finally, Maj Invest Holding A S purchased a new stake in shares of Carnival during the 1st quarter worth about $40,529,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.
Shares of NYSE CCL opened at $13.88 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $16.36 and its two-hundred day moving average is $22.95. The company has a market cap of $8.34 billion, a P/E ratio of 81.65 and a beta of 1.96. Carnival Corp has a 12 month low of $7.80 and a 12 month high of $51.94.
Carnival (NYSE:CCL) last announced its quarterly earnings data on Friday, July 10th. The company reported ($3.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.79) by ($1.51). The firm had revenue of $740.00 million for the quarter, compared to analyst estimates of $401.40 million. Carnival had a positive return on equity of 0.06% and a negative net margin of 17.53%. Carnival’s revenue for the quarter was down 84.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. Sell-side analysts expect that Carnival Corp will post -7.23 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Carnival from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Berenberg Bank downgraded Carnival from a “hold” rating to a “sell” rating and cut their price target for the stock from $14.50 to $10.00 in a research note on Thursday, June 18th. Wedbush cut their price objective on Carnival from $29.00 to $20.00 in a research note on Monday, July 13th. SunTrust Banks downgraded Carnival from a “hold” rating to a “sell” rating and set a $10.00 price objective on the stock. in a research note on Tuesday, July 14th. Finally, Tigress Financial reissued a “buy” rating on shares of Carnival in a research note on Friday, June 26th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.64.
Carnival Company Profile
Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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