Harbour Investments Inc. trimmed its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 57.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,445 shares of the company's stock after selling 15,696 shares during the period. Harbour Investments Inc.'s holdings in Carnival Co. & were worth $285,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of CCL. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. Crews Bank & Trust bought a new position in shares of Carnival Co. & in the fourth quarter worth approximately $50,000. Union Bancaire Privee UBP SA purchased a new position in shares of Carnival Co. & in the fourth quarter worth $52,000. Finally, Venturi Wealth Management LLC raised its holdings in Carnival Co. & by 39.2% during the 4th quarter. Venturi Wealth Management LLC now owns 2,207 shares of the company's stock valued at $55,000 after buying an additional 622 shares during the last quarter. Institutional investors own 67.19% of the company's stock.
Carnival Co. & Stock Down 1.6 %
Carnival Co. & stock traded down $0.34 during mid-day trading on Wednesday, reaching $20.92. The stock had a trading volume of 15,980,999 shares, compared to its average volume of 26,181,751. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.73 and a beta of 2.66. 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 one year low of $13.78 and a one year high of $28.72. The company has a 50-day moving average price of $24.07 and a two-hundred day moving average price of $23.11.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. During the same quarter last year, the firm earned ($0.14) earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently issued reports on CCL. Loop Capital reduced their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday. Finally, Citigroup decreased their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.94.
Check Out Our Latest Stock Analysis on Carnival Co. &
Carnival Co. & Company Profile
(
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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