M Holdings Securities Inc. Invests $319,000 in Carnival Co. & plc (NYSE:CCL)

M Holdings Securities Inc. acquired a new position in Carnival Co. & plc (NYSE:CCLGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,785 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Capital Group LLC increased its stake in shares of Carnival Co. & by 130.0% in the first quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock worth $31,000 after purchasing an additional 859 shares in the last quarter. Sierra Capital LLC increased its stake in shares of Carnival Co. & by 1,304.3% in the first quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock worth $33,000 after purchasing an additional 1,500 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Carnival Co. & by 150.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,876 shares of the company’s stock worth $38,000 after purchasing an additional 1,126 shares in the last quarter. City Holding Co. purchased a new stake in shares of Carnival Co. & in the fourth quarter worth $41,000. Finally, TCI Wealth Advisors Inc. increased its stake in shares of Carnival Co. & by 67.7% in the first quarter. TCI Wealth Advisors Inc. now owns 2,070 shares of the company’s stock worth $42,000 after purchasing an additional 836 shares in the last quarter. 50.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Carnival Co. & in a research note on Tuesday, June 28th. They set an “overweight” rating and a $14.00 target price for the company. Wells Fargo & Company cut their target price on shares of Carnival Co. & from $21.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, June 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Carnival Co. & from $24.00 to $14.00 and set a “hold” rating for the company in a research note on Tuesday, June 21st. Citigroup cut their target price on shares of Carnival Co. & from $22.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. Finally, Morgan Stanley cut their target price on shares of Carnival Co. & from $13.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, June 29th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.98.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $10.76 on Friday. The firm has a 50-day moving average price of $9.81 and a 200-day moving average price of $13.34. The firm has a market capitalization of $10.70 billion, a PE ratio of -1.33 and a beta of 2.03. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 3.54. Carnival Co. & plc has a 12-month low of $8.10 and a 12-month high of $27.39.

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

Carnival Co. & Profile

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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.

See Also

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

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