Carnival Co. & plc (NYSE:CCL) is Mad River Investors’ 9th Largest Position

Mad River Investors reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,896 shares of the company’s stock after selling 6,700 shares during the quarter. Carnival Co. & accounts for approximately 2.2% of Mad River Investors’ portfolio, making the stock its 9th largest holding. Mad River Investors’ holdings in Carnival Co. & were worth $4,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & during the third quarter worth about $25,000. Assetmark Inc. boosted its stake in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after acquiring an additional 1,205 shares in the last quarter. Morse Asset Management Inc purchased a new position in Carnival Co. & during the 3rd quarter valued at about $46,000. Finally, Avior Wealth Management LLC grew its stake in Carnival Co. & by 50.7% in the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after purchasing an additional 924 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of CCL stock opened at $25.85 on Tuesday. The company has a market capitalization of $29.83 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $27.17. 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 firm’s 50-day moving average is $25.22 and its two-hundred day moving average is $20.65.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the firm earned ($0.07) EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts predict that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Macquarie lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Truist Financial upped their target price on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley boosted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is currently owned by corporate insiders.

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.