Deltec Asset Management LLC lowered its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 749,053 shares of the company's stock after selling 40,115 shares during the quarter. Carnival Co. & makes up approximately 3.7% of Deltec Asset Management LLC's investment portfolio, making the stock its 7th largest position. Deltec Asset Management LLC owned 0.06% of Carnival Co. & worth $18,666,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in CCL. Ashton Thomas Securities LLC bought a new position in Carnival Co. & during the third quarter worth $25,000. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & in the fourth quarter worth approximately $34,000. Assetmark Inc. lifted its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after buying an additional 1,546 shares during the period. CVA Family Office LLC boosted its holdings in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after buying an additional 1,205 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $50,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Price Performance
CCL stock traded up $0.13 during mid-day trading on Wednesday, reaching $27.22. 13,059,716 shares of the company's stock were exchanged, compared to its average volume of 21,215,510. 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 12-month low of $13.78 and a 12-month high of $28.72. The stock's 50 day moving average is $25.66 and its 200 day moving average is $21.38. The company has a market cap of $31.69 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $5.94 billion. During the same period in the previous year, the firm posted ($0.07) EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have weighed in on CCL shares. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Truist Financial boosted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Loop Capital initiated coverage on Carnival Co. & in a report on Tuesday. They issued a "hold" rating and a $25.00 target price on the stock. The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Citigroup boosted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.11.
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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