Tower International, Inc. (TOWR) Reaches $33.15 52-Week High; Shellback Capital LP Increased Carnival (CCL) Holding

June 17, 2018 - By Lawrence Diaz

Carnival Corporation (NYSE:CCL) Logo

Shellback Capital Lp increased Carnival Corp (CCL) stake by 17.78% reported in 2018Q1 SEC filing. Shellback Capital Lp acquired 60,000 shares as Carnival Corp (CCL)’s stock declined 6.40%. The Shellback Capital Lp holds 397,500 shares with $26.07 million value, up from 337,500 last quarter. Carnival Corp now has $46.55 billion valuation. The stock increased 1.53% or $0.98 during the last trading session, reaching $65.18. About 5.51 million shares traded or 37.23% up from the average. Carnival Corporation (NYSE:CCL) has risen 2.36% since June 17, 2017 and is uptrending. It has underperformed by 10.21% the S&P500. Some Historical CCL News: ; 26/04/2018 – St. Croix Source: Viya Announces Carnival Closings; 12/03/2018 – Carnival PLC: Carnival Corporation & plc Registration Statement; 22/04/2018 – DJ CARNIVAL CORP PAIRED CTF, Inst Holders, 1Q 2018 (CCL); 17/05/2018 – Princess Cruises Reveals 2019-2020 Panama Canal Itineraries; 09/05/2018 – ACCC GIVES CONDITIONAL APPROVAL FOR CARNIVAL, PORT OF BRISBANE; 17/05/2018 – Princess Cruises Announces 2019-2020 Caribbean Season; 17/04/2018 – Upper Makefieldf: UM Fire Company Carnival – May 1 – May 5; 03/04/2018 – Seabourn’s 2018 Alaska/British Columbia Season To Feature World-class Expedition Team Leading “Ventures By Seabourn” Optional Tours; 11/04/2018 – CARNIVAL CORP BOOSTS QTRLY DIV & AUTHORIZES ADDED $1B SHARE; 23/05/2018 – “Mad Money” host Jim Cramer sits down with Carnival Corporation CEO Arnold Donald on one of his company’s ships, the Carnival Horizon

The stock of Tower International, Inc. (NYSE:TOWR) hit a new 52-week high and has $35.14 target or 6.00% above today’s $33.15 share price. The 7 months bullish chart indicates low risk for the $682.73M company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $35.14 price target is reached, the company will be worth $40.96 million more. The stock increased 2.95% or $0.95 during the last trading session, reaching $33.15. About 216,385 shares traded or 135.09% up from the average. Tower International, Inc. (NYSE:TOWR) has risen 24.31% since June 17, 2017 and is uptrending. It has outperformed by 11.74% the S&P500. Some Historical TOWR News: ; 03/05/2018 – Tower International Sees FY18 Adj EPS $4.10; 03/05/2018 – TOWER INTERNATIONAL INC SEES FULL YEAR 2018 REVENUE OF $2.15 BLN; 03/04/2018 – fusionZONE Automotive Wins Automotive Website Award for Peak Performance; 03/05/2018 – Tower International 1Q Net $17.3M; 19/04/2018 – Tower International Declares Quarterly Dividend; 22/03/2018 – fusionZONE Automotive, LLC Appoints Dick Bradley as Chief Technology Officer; 03/05/2018 – Tower International 1Q Rev $563.5M; 03/05/2018 – TOWER INTERNATIONAL INC TOWR.N FY2018 SHR VIEW $4.17, REV VIEW $2.15 BLN — THOMSON REUTERS l/B/E/S; 12/04/2018 – Tower International at Wells Fargo Industrials Conference May 8; 03/05/2018 – Tower International Sees FY18 Rev $2.15B

Investors sentiment decreased to 1.27 in 2018 Q1. Its down 0.15, from 1.42 in 2017Q4. It worsened, as 13 investors sold Tower International, Inc. shares while 43 reduced holdings. 17 funds opened positions while 54 raised stakes. 18.21 million shares or 0.31% less from 18.27 million shares in 2017Q4 were reported. Victory Capital Management Inc, a Ohio-based fund reported 57,450 shares. 25,300 were accumulated by Icon Advisers Inc. Bowling Portfolio Mngmt Ltd Liability Com reported 62,662 shares. State Common Retirement Fund holds 0% in Tower International, Inc. (NYSE:TOWR) or 57,386 shares. Millennium Management Ltd Co owns 296,525 shares for 0.01% of their portfolio. Moreover, Lsv Asset Mngmt has 0.05% invested in Tower International, Inc. (NYSE:TOWR). 70,991 were reported by Secor Capital Advsr Limited Partnership. Deutsche Comml Bank Ag reported 33,939 shares or 0% of all its holdings. Paradigm New York accumulated 57,000 shares or 0.13% of the stock. Deprince Race And Zollo reported 121,220 shares. Acadian Asset Management Llc owns 55,785 shares for 0.01% of their portfolio. Petrus Trust Com Lta invested in 8,149 shares. Strs Ohio, a Ohio-based fund reported 28,200 shares. State Teachers Retirement reported 0% in Tower International, Inc. (NYSE:TOWR). D E Shaw Co Incorporated reported 237,380 shares or 0.01% of all its holdings.

Analysts await Tower International, Inc. (NYSE:TOWR) to report earnings on July, 25. They expect $1.08 earnings per share, up 11.34% or $0.11 from last year’s $0.97 per share. TOWR’s profit will be $22.24 million for 7.67 P/E if the $1.08 EPS becomes a reality. After $0.82 actual earnings per share reported by Tower International, Inc. for the previous quarter, Wall Street now forecasts 31.71% EPS growth.

Another recent and important Tower International, Inc. (NYSE:TOWR) news was published by Streetinsider.com which published an article titled: “Roth Capital Starts Tower International (TOWR) at Buy” on May 24, 2018.

Tower International, Inc. manufactures and sells engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. The company has market cap of $682.73 million. It operates in two divisions, North America and Europe. It has a 14.49 P/E ratio. The firm offers body structures and assemblies comprising structural metal components, including body pillars, roof rails, and side sills; and Class A surfaces and assemblies that consist of body sides, hoods, doors, fenders, and pickup truck boxes.

Among 6 analysts covering Tower International Inc (NYSE:TOWR), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Tower International Inc had 11 analyst reports since October 20, 2015 according to SRatingsIntel. The stock of Tower International, Inc. (NYSE:TOWR) has “Neutral” rating given on Wednesday, February 15 by Citigroup. Seaport Global initiated the stock with “Buy” rating in Tuesday, August 9 report. The firm has “Buy” rating given on Thursday, May 24 by Roth Capital. The firm has “Market Perform” rating given on Friday, April 29 by Wells Fargo. The rating was reinitiated by JP Morgan with “Neutral” on Friday, April 29. FBR Capital maintained the shares of TOWR in report on Friday, June 30 with “Buy” rating. The rating was maintained by FBR Capital on Wednesday, March 14 with “Buy”. The rating was maintained by JP Morgan with “Neutral” on Wednesday, February 14. The firm has “Outperform” rating given on Monday, March 21 by Wells Fargo. As per Tuesday, February 13, the company rating was maintained by FBR Capital.

More important recent Carnival Corporation (NYSE:CCL) news were published by: Seekingalpha.com which released: “Cruise line stocks lower after Morgan Stanley warning” on June 05, 2018, also Seekingalpha.com published article titled: “Why Carnival Has Cruised Onto My Watch List”, 247Wallst.com published: “Carnival Announces Big Acquisition in Alaska Ahead of Earnings Report” on June 07, 2018. More interesting news about Carnival Corporation (NYSE:CCL) was released by: Seekingalpha.com and their article: “Susquehanna positive on Carnival” with publication date: May 29, 2018.

Among 29 analysts covering Carnival Corporation (NYSE:CCL), 20 have Buy rating, 0 Sell and 9 Hold. Therefore 69% are positive. Carnival Corporation had 82 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, March 23 by Barclays Capital. The rating was initiated by Deutsche Bank on Thursday, September 29 with “Hold”. As per Wednesday, April 11, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Tigress Financial with “Buy” on Monday, October 2. The stock has “Neutral” rating by Credit Suisse on Friday, September 15. The rating was initiated by Macquarie Research on Tuesday, October 4 with “Neutral”. The firm has “Equal-Weight” rating given on Wednesday, December 6 by Morgan Stanley. On Tuesday, December 19 the stock rating was maintained by SunTrust with “Buy”. The firm has “Hold” rating given on Friday, March 23 by Deutsche Bank. The company was maintained on Thursday, March 31 by SunTrust.

Shellback Capital Lp decreased Visa Inc (NYSE:V) stake by 250,000 shares to 50,000 valued at $5.98 million in 2018Q1. It also reduced Vail Resorts Inc (NYSE:MTN) stake by 11,000 shares and now owns 161,064 shares. Pinnacle Entmt Inc New was reduced too.

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.04, from 1.22 in 2017Q4. It fall, as 46 investors sold CCL shares while 219 reduced holdings. 73 funds opened positions while 240 raised stakes. 394.90 million shares or 0.79% less from 398.04 million shares in 2017Q4 were reported. Mckinley Carter Wealth Inc has 27,320 shares for 0.59% of their portfolio. Everence Mngmt has 10,174 shares. Centurylink reported 26,225 shares. Arizona State Retirement System reported 174,829 shares or 0.12% of all its holdings. Comerica State Bank invested in 0.05% or 103,407 shares. Beach Investment Counsel Pa holds 217,768 shares. Hudson Bay Mgmt Limited Partnership reported 10,000 shares. Zeke Cap Advsr Llc accumulated 9,378 shares. Group One Trading Limited Partnership holds 17,599 shares or 0.01% of its portfolio. Mufg Americas Hldgs holds 0.11% or 55,421 shares. Tarbox Family Office accumulated 0.01% or 304 shares. Rdl invested in 0.85% or 19,473 shares. Carret Asset Mngmt Ltd Limited Liability Company has 63,653 shares for 0.69% of their portfolio. Fort Point Cap Ptnrs Llc owns 3,581 shares for 0.06% of their portfolio. Motco holds 0% in Carnival Corporation (NYSE:CCL) or 100 shares.

Since January 2, 2018, it had 0 buys, and 21 selling transactions for $11.07 million activity. The insider DONALD ARNOLD W sold $1.12M. The insider PEREZ ARNALDO sold $716,649. Another trade for 4,340 shares valued at $299,957 was sold by Bernstein David. GLASIER RICHARD also sold $288,874 worth of Carnival Corporation (NYSE:CCL) on Monday, January 22. On Tuesday, January 16 BAND SIR JONATHON sold $267,226 worth of Carnival Corporation (NYSE:CCL) or 3,840 shares. $1.49M worth of Carnival Corporation (NYSE:CCL) shares were sold by KRUSE STEIN.

Tower International, Inc. (NYSE:TOWR) Institutional Positions Chart

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