Carnival Co. & plc (NYSE:CCL) Stake Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 2,212.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,514 shares of the company’s stock after acquiring an additional 156,442 shares during the period. Exchange Traded Concepts LLC’s holdings in Carnival Co. & were worth $4,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CCL. State Street Corp raised its stake in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC raised its position in Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares in the last quarter. Goldentree Asset Management LP lifted its stake in Carnival Co. & by 16.1% in the third quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock valued at $95,037,000 after acquiring an additional 712,469 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of CCL stock opened at $25.43 on Friday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $27.17. The company has a market capitalization of $29.35 billion, a P/E ratio of 18.30, a P/E/G ratio of 0.80 and a beta of 2.64. The stock has a 50 day moving average of $25.33 and a two-hundred day moving average of $20.89. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

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

Analysts Set New Price Targets

CCL has been the subject of several analyst reports. Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Citigroup boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Mizuho boosted their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Barclays increased 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.24.

Insider Activity

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 transaction of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. 11.00% of the stock is owned by company insiders.

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.