Sargent Investment Group LLC Invests $479,000 in Carnival Co. & plc (NYSE:CCL)

Sargent Investment Group LLC acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,569 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after purchasing an additional 2,638,564 shares in the last quarter. Norges Bank purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at about $40,236,000. Goldentree Asset Management LP acquired a new stake in shares of Carnival Co. & in the first quarter valued at approximately $31,917,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Carnival Co. & during the 1st quarter worth approximately $27,302,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

CCL stock opened at $17.83 on Tuesday. The firm has a market cap of $20.01 billion, a P/E ratio of 27.43 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The stock has a 50-day simple moving average of $16.54 and a 200-day simple moving average of $16.07.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the previous year, the company posted ($0.31) earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities analysts predict that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Susquehanna reissued a “positive” rating and set a $22.00 price objective on shares of Carnival Co. & in a research note on Wednesday, June 26th. JPMorgan Chase & Co. raised their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.25.

About Carnival Co. &

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.