Wedge Capital Management L L P NC Purchases 1,901,224 Shares of Carnival Co. & plc (NYSE:CCL)

Wedge Capital Management L L P NC boosted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 718.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,165,952 shares of the company's stock after purchasing an additional 1,901,224 shares during the period. Carnival Co. & comprises approximately 1.0% of Wedge Capital Management L L P NC's portfolio, making the stock its 26th biggest holding. Wedge Capital Management L L P NC owned 0.19% of Carnival Co. & worth $53,976,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the third quarter worth about $25,000. Assetmark Inc. increased its holdings in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after acquiring an additional 1,546 shares during the period. CVA Family Office LLC lifted its stake in 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 in the last quarter. Morse Asset Management Inc bought a new position in Carnival Co. & in the 3rd quarter valued at $46,000. Finally, Avior Wealth Management LLC grew its position in shares of Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company's stock valued at $51,000 after purchasing an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Macquarie lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Truist Financial boosted their price objective on Carnival Co. & from $20.00 to $29.00 and gave the stock a "hold" rating in a report on Monday, December 2nd. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 target price on the stock. Finally, Tigress Financial boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and a consensus target price of $27.18.

Carnival Co. & Trading Up 3.2 %

CCL stock traded up $0.80 during trading on Friday, hitting $25.85. 21,334,660 shares of the company traded hands, compared to its average volume of 17,923,508. The firm has a market capitalization of $29.83 billion, a PE ratio of 18.60, a P/E/G ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $27.17. The company has a 50-day moving average of $25.22 and a 200-day moving average of $20.61. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

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, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &'s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. Analysts predict that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 owns 65,789 shares of the company's stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Carnival Co. & Profile

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.