Janney Montgomery Scott LLC Grows Holdings in Carnival Co. & plc (NYSE:CCL)

Janney Montgomery Scott LLC increased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 49.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,108 shares of the company's stock after acquiring an additional 91,350 shares during the period. Janney Montgomery Scott LLC's holdings in Carnival Co. & were worth $4,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Friedenthal Financial acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $28,000. Richardson Capital Management LLC acquired a new stake in Carnival Co. & in the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $31,000. Massmutual Trust Co. FSB ADV grew its holdings in Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company's stock valued at $34,000 after purchasing an additional 739 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in shares of Carnival Co. & by 66.7% in the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company's stock valued at $37,000 after acquiring an additional 800 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CCL shares. Citigroup raised their target price on Carnival Co. & from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, June 26th. Tigress Financial raised their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. Bank of America raised their target price on Carnival Co. & from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, June 27th. Stifel Nicolaus decreased their target price on Carnival Co. & from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, March 28th. Finally, Barclays raised their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. One research 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.83.

Carnival Co. & Trading Up 2.1 %

Shares of NYSE CCL traded up $0.38 during trading on Thursday, reaching $18.12. The stock had a trading volume of 30,650,881 shares, compared to its average volume of 31,204,924. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. 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 business's 50-day moving average price is $16.08 and its 200-day moving average price is $16.07. The company has a market cap of $20.33 billion, a P/E ratio of 26.92 and a beta of 2.68.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion during the quarter, compared to analysts' expectations of $5.68 billion. During the same period in the previous year, the firm posted ($0.31) earnings per share. The company's revenue was up 17.7% on a year-over-year basis. On average, equities research analysts predict that Carnival Co. & plc will post 1.19 EPS for the current fiscal year.

Carnival Co. & Company 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.