Game Plan Financial Advisors LLC Cuts Holdings in Carnival Co. & plc (NYSE:CCL)

Game Plan Financial Advisors LLC lowered its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,709 shares of the company’s stock after selling 13,491 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in Carnival Co. & were worth $2,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its position in shares of Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after buying an additional 2,638,564 shares during the last quarter. Norges Bank purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $40,236,000. Goldentree Asset Management LP acquired a new position in shares of Carnival Co. & during the 1st quarter worth approximately $31,917,000. Canada Pension Plan Investment Board purchased a new position in Carnival Co. & during the first quarter valued at $27,302,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Carnival Co. & during the 2nd quarter worth approximately $31,192,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

NYSE:CCL traded down $0.04 during mid-day trading on Friday, reaching $16.50. 20,664,214 shares of the company were exchanged, compared to its average volume of 26,104,440. The company has a fifty day moving average of $16.81 and a 200 day moving average of $15.96. The stock has a market cap of $18.52 billion, a PE ratio of 25.38 and a beta of 2.68. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter last year, the business earned ($0.31) earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. On average, research analysts anticipate that Carnival Co. & plc will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCL. Bank of America lifted their price objective on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Truist Financial increased their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company upped their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Susquehanna reaffirmed a “positive” rating and set a $22.00 price objective on shares of Carnival Co. & in a research report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Carnival Co. & 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.