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Brookstone Capital Management Grows Stake in Carnival Co. & Plc (NYSE:CCL)

Defense World ·  09/25 16:51

Brookstone Capital Management lifted its position in Carnival Co. & plc (NYSE:CCL – Get Rating) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,422 shares of the company's stock after buying an additional 1,445 shares during the period. Brookstone Capital Management's holdings in Carnival Co. & were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Capital Group LLC boosted its stake in shares of Carnival Co. & by 130.0% in the 1st quarter. Private Capital Group LLC now owns 1,520 shares of the company's stock worth $31,000 after buying an additional 859 shares during the last quarter. Sierra Capital LLC boosted its stake in shares of Carnival Co. & by 1,304.3% in the 1st quarter. Sierra Capital LLC now owns 1,615 shares of the company's stock worth $33,000 after buying an additional 1,500 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Carnival Co. & by 150.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,876 shares of the company's stock worth $38,000 after buying an additional 1,126 shares during the last quarter. City Holding Co. purchased a new position in shares of Carnival Co. & in the 4th quarter worth $41,000. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Carnival Co. & by 67.7% in the 1st quarter. TCI Wealth Advisors Inc. now owns 2,070 shares of the company's stock worth $42,000 after buying an additional 836 shares during the last quarter. 50.56% of the stock is currently owned by hedge funds and other institutional investors.

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Carnival Co. & Trading Down 7.2 %

CCL stock opened at $8.95 on Friday. Carnival Co. & plc has a 1-year low of $8.10 and a 1-year high of $27.39. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.64 and a quick ratio of 0.61. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of -1.11 and a beta of 2.03. The business has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $13.05.

Carnival Co. & (NYSE:CCL – Get Rating) last posted its earnings results on Friday, June 24th. The company reported ($1.64) EPS for the quarter, missing analysts' consensus estimates of ($1.14) by ($0.50). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.83 billion. Carnival Co. & had a negative net margin of 156.75% and a negative return on equity of 67.51%. During the same quarter in the prior year, the company posted ($1.80) earnings per share. Research analysts anticipate that Carnival Co. & plc will post -3.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCL. UBS Group lowered their target price on Carnival Co. & from $23.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, July 8th. Truist Financial lifted their target price on Carnival Co. & from $8.00 to $10.00 and gave the company a "sell" rating in a research report on Tuesday, September 20th. Susquehanna began coverage on Carnival Co. & in a research report on Thursday, June 9th. They set a "neutral" rating and a $15.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on Carnival Co. & from $24.00 to $14.00 and set a "hold" rating on the stock in a research report on Tuesday, June 21st. Finally, Morgan Stanley lowered their target price on Carnival Co. & from $13.00 to $7.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 29th. 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.11.

Carnival Co. & Company Profile

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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.

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