Carnival Co. & plc (NYSE:CCL) Shares Acquired by Waycross Partners LLC

Waycross Partners LLC lifted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the company’s stock after purchasing an additional 40,000 shares during the period. Waycross Partners LLC’s holdings in Carnival Co. & were worth $1,483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC boosted its holdings in shares of Carnival Co. & by 447.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock worth $2,959,000 after purchasing an additional 176,286 shares during the last quarter. Bellwether Advisors LLC acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $1,368,000. Patton Fund Management Inc. lifted its holdings in Carnival Co. & by 981.9% in the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock valued at $1,497,000 after acquiring an additional 99,046 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Carnival Co. & by 126.1% in the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock valued at $13,782,000 after acquiring an additional 413,082 shares during the last quarter. Finally, Blackstone Inc. lifted its holdings in Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after acquiring an additional 1,010,000 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CCL shares. JPMorgan Chase & Co. upped their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Truist Financial upped their price objective on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Wells Fargo & Company upgraded Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Friday, January 5th. Barclays upped their price objective on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group initiated coverage on Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Stock Down 2.0 %

Shares of Carnival Co. & stock traded down $0.31 during trading hours on Tuesday, reaching $14.83. 22,937,610 shares of the company were exchanged, compared to its average volume of 31,466,338. Carnival Co. & plc has a 1 year low of $9.17 and a 1 year high of $19.74. The stock’s fifty day moving average is $15.59 and its 200 day moving average is $15.53. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm has a market cap of $16.64 billion, a PE ratio of 57.02 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the company earned ($0.55) earnings per share. The company’s revenue was up 22.0% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.02 earnings per share for the current year.

Insider Transactions at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.