Gladstone Institutional Advisory LLC raised its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 121.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,849 shares of the company's stock after acquiring an additional 14,727 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in Carnival Co. & were worth $669,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake 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 buying an additional 5,892 shares in the last quarter. Swedbank AB increased its stake in Carnival Co. & by 5.5% in the 3rd quarter. Swedbank AB now owns 250,235 shares of the company's stock valued at $4,624,000 after purchasing an additional 13,137 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in Carnival Co. & in the 3rd quarter valued at approximately $186,000. Good Life Advisors LLC increased its stake in Carnival Co. & by 103.3% in the 3rd quarter. Good Life Advisors LLC now owns 44,996 shares of the company's stock valued at $832,000 after purchasing an additional 22,863 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Carnival Co. & by 7.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 14,171 shares of the company's stock valued at $262,000 after purchasing an additional 990 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CCL has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Loop Capital assumed coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a "hold" rating and a $25.00 target price on the stock. Stifel Nicolaus increased their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Morgan Stanley increased their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein assumed coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a "market perform" rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.11.
View Our Latest Stock Report on Carnival Co. &
Carnival Co. & Trading Down 2.3 %
CCL stock traded down $0.60 during trading on Tuesday, reaching $25.63. 13,264,035 shares of the stock traded hands, compared to its average volume of 19,314,088. The business's 50 day moving average price is $25.74 and its 200-day moving average price is $21.94. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market capitalization of $29.84 billion, a PE ratio of 18.41, a P/E/G ratio of 0.82 and a beta of 2.64.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.94 billion. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The firm's quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.
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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