GTS Securities LLC cut its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 97.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,759 shares of the company's stock after selling 685,061 shares during the period. GTS Securities LLC's holdings in Carnival Co. & were worth $368,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CCL. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & in the fourth quarter valued at $29,000. Crewe Advisors LLC raised its holdings in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth $30,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth $34,000. 67.19% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Barclays dropped their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Truist Financial dropped their target price on shares of Carnival Co. & from $30.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 19th. Finally, Macquarie dropped their target price on shares of Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.53.
Check Out Our Latest Report on Carnival Co. &
Carnival Co. & Price Performance
CCL traded up $0.07 on Friday, reaching $23.23. The company had a trading volume of 22,337,630 shares, compared to its average volume of 25,736,260. The company has a fifty day moving average of $19.90 and a 200-day moving average of $23.00. The company has a market capitalization of $27.10 billion, a P/E ratio of 16.71, a PEG ratio of 0.73 and a beta of 2.50. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.14) EPS. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.
Carnival Co. & 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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