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

Credit Capital Investments LLC cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 48.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the company’s stock after selling 12,000 shares during the quarter. Carnival Co. & comprises approximately 0.4% of Credit Capital Investments LLC’s portfolio, making the stock its 25th biggest holding. Credit Capital Investments LLC’s holdings in Carnival Co. & were worth $324,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CCL. Assetmark Inc. grew its stake in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Carnival Co. & by 8.2% in the 3rd quarter. CIBC Asset Management Inc now owns 150,447 shares of the company’s stock worth $2,780,000 after buying an additional 11,460 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Carnival Co. & by 8.8% in the 3rd quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock worth $314,000 after acquiring an additional 1,367 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Carnival Co. & by 35.1% in the 3rd quarter. Natixis Advisors LLC now owns 678,001 shares of the company’s stock worth $12,529,000 after acquiring an additional 176,039 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Carnival Co. & by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,998,100 shares of the company’s stock worth $55,405,000 after acquiring an additional 7,500 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

CCL opened at $20.12 on Wednesday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The business’s fifty day simple moving average is $24.38 and its 200-day simple moving average is $22.94. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.73 and a beta of 2.66.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Mizuho boosted their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Loop Capital began coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target for the company. Barclays upped their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Stifel Nicolaus decreased their price target on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Finally, Wells Fargo & Company upped their price objective on 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 assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

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.