Carnival Co. & plc (NYSE:CCL) Stake Cut by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 21.9% in the 3rd quarter, Holdings Channel reports. The firm owned 55,612 shares of the company’s stock after selling 15,567 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Carnival Co. & were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Richardson Capital Management LLC acquired a new stake in Carnival Co. & in the first quarter worth $26,000. Family Firm Inc. bought a new stake in Carnival Co. & in the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & during the 2nd quarter valued at about $30,000. BNP Paribas bought a new position in Carnival Co. & in the 1st quarter worth about $32,000. Finally, CVA Family Office LLC increased its stake in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCL. Citigroup boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus increased their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Mizuho boosted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Price Performance

Shares of CCL traded up $1.32 during trading hours on Tuesday, hitting $21.53. 46,860,394 shares of the company were exchanged, compared to its average volume of 30,437,484. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market capitalization of $24.17 billion, a PE ratio of 33.08 and a beta of 2.69. The firm has a fifty day simple moving average of $17.03 and a 200-day simple moving average of $16.40. Carnival Co. & plc has a one year low of $10.84 and a one year high of $21.80.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Carnival Co. & Company 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.