Prospera Financial Services Inc raised its holdings in Carnival Co. & plc (NYSE:CCL – Get Rating ) by 33.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,223 shares of the company’s stock after purchasing an additional 3,559 shares during the quarter. Prospera Financial Services Inc areas in Carnival Co. and were worth $288,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. acquired a new stake in Carnival Co. and in the fourth quarter worth about $28,000. Private Capital Group LLC raised its stake in Carnival Co. and by 130.0% in the first quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock valued at $31,000 after purchasing an additional 859 shares in the last quarter. Sierra Capital LLC raised its stake in Carnival Co. and by 1,304.3% in the first quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock valued at $33,000 after purchasing an additional 1,500 shares in the last quarter. Shore Point Advisors LLC purchased a new stake in Carnival Co. during the 1st quarter. and in the fourth quarter worth about $40,000. Finally, City Holding Co. bought a new stake in Carnival Co. and in the fourth quarter worth about $41,000. 65.38% of the shares are owned by institutional investors and hedge funds.
Carnival Co. & Trading Growth 4.8%
Shares of CCL stock opened at $9.35 on Wednesday. The company has a market cap of $9.30 billion, a P/E ratio of -1.16 and a beta of 2.09. The stock has a 50 day simple moving average of $10.37 and a two hundred day simple moving average of $15.83. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.61, and a current ratio of 0.64. Carnival Co. & plc has a fifty-two week low of $8.10 and a fifty-two week high of $27.39.
Carnival Co. & (NYSE:CCL – Get Rating ) last released its earnings results on Friday, June 24th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($0.50). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.83 billion. Carnival Co. & had a negative return on equity of 67.51% and a negative net margin of 156.75%. During the same quarter a year ago, the firm posted ($1.80) earnings per share. Research analysts predict that Carnival Co. & plc will post -3.77 earnings per share for the current year.
Insider Buying and Selling at Carnival Co. &
In other news, director Randall J. Weisenburger bought 100,000 shares of Carnival Co. stock. & shares in a transaction on Wednesday, May 25th. The stock was bought at an average price of $11.76 per share, with a total value of $1,176,000.00. Following the completion of the purchase, the director now owns 870,950 shares of the company’s stock, valued at approximately $10,242,372. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 12.50% of the company’s stock.
Wall Street analysts predict growth
Several research firms recently weighed in on CCL. Citigroup lowered their price target on Carnival Co. and from $22.00 to $12.50 and set a “neutral” rating on the stock in a research note on Tuesday, June 28th. Susquehanna began coverage at Carnival Co. and in a research report on Thursday, June 9th. They issued a “neutral” rating and a $15.00 target price for the company. Truist Financial reduced their target price on Carnival Co. to a “buy” rating. and from $15.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, July 22nd. Wells Fargo & Company decreased their target price on Carnival Co. and from $21.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, June 27th. Finally, StockNews.com upgraded Carnival Co. & to a “sell” rating in a research report on Wednesday, July 27th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Carnival Co.
Carnival Co. & Company Profile
(Get rating)
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard brand names. The company also offers port destinations and other services, and owns and operates hotels, lodges, glass dome railways and buses.
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