Carnival Co. & plc (NYSE:CCL) Shares Bought by Crewe Advisors LLC

Crewe Advisors LLC increased its holdings in Carnival Co. & plc (NYSE:CCL) by 275.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,210 shares of the company’s stock after purchasing an additional 888 shares during the period. Crewe Advisors LLC’s holdings in Carnival Co. & were worth $30,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $34,000. Assetmark Inc. raised its holdings in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $50,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Trading Up 1.0 %

Shares of Carnival Co. & stock opened at $27.46 on Friday. The stock has a market capitalization of $31.96 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. 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 50-day simple moving average of $25.70 and a 200 day simple moving average of $21.42. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its 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 business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS. Research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CCL shares. Loop Capital started coverage on shares of Carnival Co. & in a report on Tuesday. They set a “hold” rating and a $25.00 price target on the stock. Bank of America boosted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Mizuho boosted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & 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.