Mirae Asset Global Investments Co. Ltd. raised its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,270 shares of the company's stock after buying an additional 24,496 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Carnival Co. & were worth $2,339,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $624,000. CWM LLC grew its holdings in shares of Carnival Co. & by 125.8% during the third quarter. CWM LLC now owns 69,533 shares of the company's stock valued at $1,285,000 after purchasing an additional 38,741 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Carnival Co. & by 499.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company's stock worth $131,000 after purchasing an additional 5,892 shares during the period. CVA Family Office LLC lifted its holdings in shares of Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock valued at $4,892,000 after purchasing an additional 24,198 shares during the period. Institutional investors own 67.19% of the company's stock.
Carnival Co. & Stock Down 0.0 %
CCL traded down $0.00 during trading on Thursday, reaching $25.89. 14,543,485 shares of the stock traded hands, compared to its average volume of 19,807,846. The stock's 50-day simple moving average is $25.74 and its two-hundred day simple moving average is $21.71. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market cap of $30.14 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the company earned ($0.07) EPS. The firm's revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.
Analyst Upgrades and Downgrades
CCL has been the topic of a number of recent research reports. Mizuho raised their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Finally, Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Carnival Co. & currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.11.
Read Our Latest Stock Report on Carnival Co. &
About Carnival Co. &
(
Free Report)
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.
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