Left Brain Wealth Management LLC Raises Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Left Brain Wealth Management LLC increased its position in Carnival Co. & plc (NYSE:CCL) by 228.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,102 shares of the company’s stock after buying an additional 110,023 shares during the quarter. Carnival Co. & accounts for approximately 1.5% of Left Brain Wealth Management LLC’s holdings, making the stock its 24th biggest holding. Left Brain Wealth Management LLC’s holdings in Carnival Co. & were worth $3,940,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CCL. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC grew its holdings in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the period. Assetmark Inc. grew its holdings in shares of 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. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CCL shares. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Monday. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Morgan Stanley upped their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Trading Down 2.1 %

Carnival Co. & stock opened at $19.10 on Friday. The stock has a market capitalization of $22.23 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business’s fifty day moving average is $24.60 and its 200 day moving average is $22.77.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business posted ($0.07) EPS. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Carnival Co. & Company 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.