Cerity Partners LLC Acquires Shares of 13,700 Carnival Co. & plc (NYSE:CCL)

Cerity Partners LLC bought a new position in Carnival Co. & plc (NYSE:CCLGet Rating) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,700 shares of the company’s stock, valued at approximately $118,000.

Several other large investors have also added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Carnival Co. & by 14.9% in the second quarter. CWM LLC now owns 15,489 shares of the company’s stock worth $134,000 after purchasing an additional 2,014 shares during the last quarter. Ieq Capital LLC grew its holdings in Carnival Co. & by 55.8% during the second quarter. Ieq Capital LLC now owns 42,283 shares of the company’s stock worth $366,000 after buying an additional 15,139 shares in the last quarter. Norinchukin Bank The raised its position in Carnival Co. & by 7.5% in the 1st quarter. Norinchukin Bank The now owns 72,623 shares of the company’s stock valued at $1,468,000 after buying an additional 5,080 shares during the last quarter. Comerica Bank lifted its stake in Carnival Co. & by 10.2% during the 2nd quarter. Comerica Bank now owns 155,094 shares of the company’s stock valued at $1,607,000 after acquiring an additional 14,302 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Carnival Co. & by 20.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 45,784 shares of the company’s stock worth $403,000 after acquiring an additional 7,841 shares during the last quarter. Institutional investors own 50.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CCL shares. Barclays dropped their price target on shares of Carnival Co. & from $14.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, October 3rd. Tigress Financial reissued a “buy” rating and set a $13.00 target price on shares of Carnival Co. & in a research report on Thursday, October 27th. Wells Fargo & Company reduced their target price on Carnival Co. & from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft dropped their price target on Carnival Co. & from $14.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, October 7th. Finally, Susquehanna reduced their price objective on Carnival Co. & from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, October 3rd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.68.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $9.73 on Thursday. The firm has a market capitalization of $10.83 billion, a PE ratio of -1.56 and a beta of 2.12. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt-to-equity ratio of 3.40. The company has a 50-day moving average price of $8.78 and a two-hundred day moving average price of $10.01. Carnival Co. & plc has a twelve month low of $6.11 and a twelve month high of $23.86.

Carnival Co. & Company 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.

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

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