Credit Capital Investments LLC Buys New Position in Carnival Co. & plc (NYSE:CCL)

Credit Capital Investments LLC bought a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the company's stock, valued at approximately $462,000. Carnival Co. & comprises approximately 0.6% of Credit Capital Investments LLC's portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Empowered Funds LLC lifted its stake in shares of Carnival Co. & by 29.4% during the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company's stock valued at $269,000 after buying an additional 3,741 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Carnival Co. & by 123.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 75,193 shares of the company's stock valued at $1,229,000 after buying an additional 41,489 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in shares of Carnival Co. & during the 1st quarter valued at $164,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Carnival Co. & by 21.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,141,038 shares of the company's stock valued at $18,645,000 after buying an additional 198,169 shares in the last quarter. Finally, Anthracite Investment Company Inc. purchased a new stake in shares of Carnival Co. & during the 1st quarter valued at $2,202,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Down 0.2 %

NYSE:CCL traded down $0.04 during mid-day trading on Wednesday, hitting $24.55. 17,549,653 shares of the company's stock were exchanged, compared to its average volume of 29,659,488. Carnival Co. & plc has a one year low of $13.33 and a one year high of $24.83. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The business has a fifty day moving average price of $19.81 and a 200 day moving average price of $17.48. The company has a market cap of $28.33 billion, a PE ratio of 21.96 and a beta of 2.66.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &'s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company's stock, valued at $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCL. Truist Financial lifted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Carnival Co. & to a "moderate sell" rating in a research report on Tuesday, September 3rd. Barclays lifted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Finally, Citigroup raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.78.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.