Carnival Co. & plc (NYSE:CCL) Shares Sold by Credit Capital Investments LLC

Credit Capital Investments LLC lessened its position in shares of Carnival Co. & plc (NYSE:CCL) by 48.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,000 shares of the company’s stock after selling 12,000 shares during the quarter. Carnival Co. & comprises 0.4% of Credit Capital Investments LLC’s investment portfolio, making the stock its 25th biggest holding. Credit Capital Investments LLC’s holdings in Carnival Co. & were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CCL. Crewe Advisors LLC grew its stake in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter worth $34,000. Assetmark Inc. raised its holdings in shares of Carnival Co. & by 1,431.5% in the third 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 last quarter. Crews Bank & Trust acquired a new position in shares of Carnival Co. & in the fourth quarter worth $50,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Carnival Co. & in the fourth quarter worth $52,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $20.12 on Wednesday. The firm’s 50-day moving average price is $24.38 and its 200-day moving average price is $22.94. 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 company has a market cap of $23.42 billion, a PE ratio of 14.47, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly 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 business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. As a group, analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CCL. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus cut their price target on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Morgan Stanley upped their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Truist Financial upped their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Citigroup increased 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.89.

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.