Raymond James & Associates Reduces Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Raymond James & Associates reduced its stake in Carnival Co. & plc (NYSE:CCLGet Rating) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 383,562 shares of the company’s stock after selling 22,728 shares during the period. Raymond James & Associates’ holdings in Carnival Co. & were worth $2,696,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust boosted its holdings in shares of Carnival Co. & by 68.5% in the first quarter. Parkside Financial Bank & Trust now owns 4,281 shares of the company’s stock valued at $87,000 after acquiring an additional 1,741 shares during the period. Total Clarity Wealth Management Inc. acquired a new stake in shares of Carnival Co. & in the second quarter valued at approximately $43,000. Heritage Wealth Management LLC acquired a new stake in shares of Carnival Co. & in the second quarter valued at approximately $46,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Carnival Co. & by 203.5% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 5,694 shares of the company’s stock valued at $49,000 after acquiring an additional 3,818 shares during the period. Finally, Glassman Wealth Services boosted its holdings in shares of Carnival Co. & by 224.2% in the second quarter. Glassman Wealth Services now owns 6,114 shares of the company’s stock valued at $53,000 after acquiring an additional 4,228 shares during the period. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CCL shares. Susquehanna Bancshares decreased their price objective on Carnival Co. & from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, October 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $13.00 price target on shares of Carnival Co. & in a report on Tuesday, December 6th. StockNews.com raised Carnival Co. & to a “sell” rating in a report on Thursday, December 22nd. UBS Group decreased their price target on Carnival Co. & from $16.00 to $12.00 and set a “buy” rating for the company in a report on Monday, January 9th. Finally, Morgan Stanley increased their price target on Carnival Co. & from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Tuesday, January 10th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.68.

Carnival Co. & Trading Up 3.5 %

Shares of CCL stock opened at $10.47 on Friday. Carnival Co. & plc has a fifty-two week low of $6.11 and a fifty-two week high of $23.86. The stock has a market cap of $11.65 billion, a P/E ratio of -2.02 and a beta of 2.14. The business has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $9.21. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 4.52.

Carnival Co. & Company Profile

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Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

Further Reading

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

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