Bryn Mawr Capital Management LLC Purchases 13,777 Shares of Carnival Co. & plc (NYSE:CCL)

Bryn Mawr Capital Management LLC raised its position in Carnival Co. & plc (NYSE:CCL) by 915.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,282 shares of the company’s stock after purchasing an additional 13,777 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Carnival Co. & were worth $291,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC grew its position in Carnival Co. & by 22.1% during the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after buying an additional 630 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Carnival Co. & by 7.5% in the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after buying an additional 726 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after acquiring an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Carnival Co. & by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Carnival Co. & by 66.7% during the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after acquiring an additional 800 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCL has been the subject of several analyst reports. Citigroup upped their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Susquehanna reiterated a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Truist Financial lifted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Carnival Co. & Stock Down 0.2 %

NYSE:CCL traded down $0.04 on Friday, reaching $16.50. 20,664,214 shares of the stock traded hands, compared to its average volume of 30,129,059. The company’s fifty day simple moving average is $16.80 and its 200 day simple moving average is $15.95. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 25.37 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business posted ($0.31) EPS. Equities analysts predict that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.

About Carnival Co. &

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.