Keebeck Alpha LP Purchases 9,995 Shares of Carnival Co. & plc (NYSE:CCL)

Keebeck Alpha LP lifted its position in Carnival Co. & plc (NYSE:CCLGet Rating) by 55.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 28,139 shares of the company’s stock after buying an additional 9,995 shares during the period. Keebeck Alpha LP’s holdings in Carnival Co. & were worth $569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Candlestick Capital Management LP boosted its stake in shares of Carnival Co. & by 26.3% during the 4th quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company’s stock worth $111,808,000 after buying an additional 1,157,058 shares during the last quarter. Sirios Capital Management L P lifted its stake in Carnival Co. & by 76.0% in the 4th quarter. Sirios Capital Management L P now owns 1,436,611 shares of the company’s stock valued at $28,905,000 after purchasing an additional 620,474 shares during the last quarter. Earnest Partners LLC lifted its stake in Carnival Co. & by 13.2% in the 4th quarter. Earnest Partners LLC now owns 4,299,428 shares of the company’s stock valued at $86,504,000 after purchasing an additional 501,758 shares during the last quarter. Swiss National Bank lifted its stake in Carnival Co. & by 14.8% in the 1st quarter. Swiss National Bank now owns 3,611,827 shares of the company’s stock valued at $73,031,000 after purchasing an additional 465,500 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Carnival Co. & by 54.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,239,905 shares of the company’s stock valued at $25,070,000 after purchasing an additional 438,135 shares during the last quarter. 65.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Randall J. Weisenburger acquired 100,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were acquired at an average price of $11.76 per share, for a total transaction of $1,176,000.00. Following the completion of the transaction, the director now directly owns 870,950 shares of the company’s stock, valued at approximately $10,242,372. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CCL shares. 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. Citigroup lowered their target price on shares of Carnival Co. & from $22.00 to $12.50 and set a “neutral” rating on the stock in a report on Tuesday, June 28th. Barclays assumed coverage on shares of Carnival Co. & in a research report on Tuesday, June 28th. They set an “overweight” rating and a $14.00 price target on the stock. UBS Group cut their target price on shares of Carnival Co. & from $23.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, July 8th. Finally, StockNews.com raised shares of Carnival Co. & to a “sell” rating in a research note on Thursday, August 11th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Carnival Co. & has an average rating of “Hold” and a consensus price target of $15.98.

Carnival Co. & Trading Up 4.5 %

Shares of CCL opened at $11.19 on Wednesday. The company’s fifty day moving average is $9.70 and its 200 day moving average is $15.11. Carnival Co. & plc has a fifty-two week low of $8.10 and a fifty-two week high of $27.39. The stock has a market capitalization of $11.13 billion, a PE ratio of -1.38 and a beta of 2.08. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.61 and a current ratio of 0.64.

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

Carnival Co. & Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Co. & plc (NYSE:CCLGet Rating).

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

Receive News & Ratings for Carnival Co. & Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Co. & and related companies with MarketBeat.com's FREE daily email newsletter.