Carnival Co. & plc (NYSE:CCL) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in Carnival Co. & plc (NYSE:CCL) by 2,212.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,514 shares of the company’s stock after buying an additional 156,442 shares during the period. Exchange Traded Concepts LLC’s holdings in Carnival Co. & were worth $4,075,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC increased its holdings in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the period. State Street Corp increased its position in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after buying an additional 2,301,906 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Carnival Co. & by 718.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after acquiring an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in Carnival Co. & in the 3rd quarter valued at about $26,806,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Down 0.7 %

Shares of Carnival Co. & stock opened at $25.43 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17. The firm has a market capitalization of $29.35 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 0.80 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock’s fifty day moving average is $25.33 and its 200-day moving average is $20.89.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) earnings per share. Equities analysts anticipate that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CCL. Truist Financial upped their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday. Stifel Nicolaus raised their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company lifted their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley raised their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Finally, Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.24.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 11.00% of the company’s stock.

About Carnival Co. &

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.