Cambridge Investment Research Advisors Inc. Decreases Stock Position in Carnival Corporation (NYSE:CCL)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Carnival Corporation (NYSE:CCL) by 3.0% in the first quarter, Holdings Channel reports. The institutional investor owned 255,741 shares of the company’s stock after selling 7,779 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Carnival were worth $4,995,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CCL. Measured Risk Portfolios Inc. purchased a new stake in Carnival during the 4th quarter worth about $29,000. Orion Capital Management LLC purchased a new stake in Carnival during the 4th quarter worth about $30,000. Millstone Evans Group LLC purchased a new stake in Carnival during the 4th quarter worth about $34,000. Dunhill Financial LLC lifted its holdings in Carnival by 1,125.0% during the 1st quarter. Dunhill Financial LLC now owns 1,862 shares of the company’s stock worth $36,000 after buying an additional 1,710 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Carnival during the fourth quarter worth about $42,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Performance

NYSE CCL opened at $27.31 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.21 and a debt-to-equity ratio of 2.58. The business’s 50 day moving average is $22.24 and its two-hundred day moving average is $22.84. Carnival Corporation has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a market capitalization of $31.86 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.57 and a beta of 2.58.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The company had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of research analyst reports. Tigress Financial reiterated a “buy” rating on shares of Carnival in a research report on Wednesday, March 26th. Northcoast Research initiated coverage on Carnival in a research report on Friday, April 25th. They set a “neutral” rating on the stock. Citigroup reiterated a “hold” rating on shares of Carnival in a research report on Monday. Mizuho lifted their target price on Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Hsbc Global Res upgraded Carnival from a “moderate sell” rating to a “hold” rating in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.53.

Carnival Company Profile

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.