CCL Stock – Carnival Co. & (NYSE:CUK) Given Buy Rating at UBS Group
Carnival Co. & (NYSE:CUK)‘s stock had its “buy” rating reaffirmed by stock analysts at UBS Group in a research note issued to investors on Tuesday, The Fly reports.
Several other equities analysts have also issued reports on CUK. Morgan Stanley restated an “underweight” rating on shares of Carnival Co. & in a research note on Friday, January 8th. Peel Hunt assumed coverage on Carnival Co. & in a research report on Monday, March 1st. They issued a “buy” rating for the company. Finally, Macquarie upgraded shares of Carnival Co. & from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Carnival Co. & currently has a consensus rating of “Buy”.
Shares of CUK stock traded down $0.99 during trading hours on Tuesday, reaching $22.04. 56,034 shares of the company’s stock were exchanged, compared to its average volume of 1,846,625. Carnival Co. & has a fifty-two week low of $9.44 and a fifty-two week high of $25.76. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $4.09 billion, a P/E ratio of -2.14 and a beta of 2.30. The business has a fifty day moving average price of $23.31 and a 200-day moving average price of $18.33.
Carnival Co. & (NYSE:CUK) last released its earnings results on Tuesday, January 26th. The company reported ($2.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.92) by ($0.10). The company had revenue of $34.00 million for the quarter. Carnival Co. & had a negative net margin of 73.40% and a negative return on equity of 15.57%.
In other news, Director Randall J. Weisenburger sold 100,000 shares of Carnival Co. & stock in a transaction on Friday, April 16th. The stock was sold at an average price of $27.50, for a total value of $2,750,000.00. Following the completion of the sale, the director now directly owns 754,605 shares of the company’s stock, valued at approximately $20,751,637.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Bernstein sold 24,296 shares of the business’s stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $20.98, for a total value of $509,730.08. Following the sale, the chief financial officer now owns 176,212 shares of the company’s stock, valued at approximately $3,696,927.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 217,242 shares of company stock valued at $5,840,943. Insiders own 0.05% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in Carnival Co. & by 73.5% during the 4th quarter. Parallel Advisors LLC now owns 1,688 shares of the company’s stock worth $32,000 after purchasing an additional 715 shares during the last quarter. BCJ Capital Management LLC lifted its holdings in Carnival Co. & by 8.8% in the fourth quarter. BCJ Capital Management LLC now owns 14,706 shares of the company’s stock valued at $276,000 after buying an additional 1,185 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Carnival Co. & by 4.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 39,232 shares of the company’s stock valued at $507,000 after acquiring an additional 1,568 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Carnival Co. & during the 4th quarter worth $123,000. Finally, US Bancorp DE grew its holdings in Carnival Co. & by 47.0% during the 4th quarter. US Bancorp DE now owns 31,305 shares of the company’s stock worth $587,000 after acquiring an additional 10,014 shares during the period. Hedge funds and other institutional investors own 10.89% of the company’s stock.
About Carnival Co. &
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 operates hotels, lodges, glass-domed railcars, and motor coaches.
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