GAMMA Investing LLC Increases Stock Position in Carnival Co. & plc (NYSE:CCL)

GAMMA Investing LLC grew its stake in Carnival Co. & plc (NYSE:CCL) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,752 shares of the company’s stock after acquiring an additional 3,181 shares during the period. GAMMA Investing LLC’s holdings in Carnival Co. & were worth $517,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Encompass Wealth Advisors LLC lifted its stake in Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after purchasing an additional 451 shares in the last quarter. Metis Global Partners LLC lifted its stake in Carnival Co. & by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after acquiring an additional 621 shares in the last quarter. PFG Investments LLC boosted its holdings in Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after acquiring an additional 641 shares during the period. Synovus Financial Corp grew its position in Carnival Co. & by 5.5% in the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after acquiring an additional 700 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in Carnival Co. & by 6.6% during the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after purchasing an additional 764 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $24.38 on Monday. The stock’s 50-day moving average is $24.85 and its two-hundred day moving average is $20.16. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $27.17. The firm has a market cap of $28.14 billion, a price-to-earnings ratio of 21.77 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last released its quarterly 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. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the business posted ($0.07) EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCL. The Goldman Sachs Group upped their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Stifel Nicolaus boosted their target price on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Truist Financial increased their price target 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, Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus price target of $26.85.

Carnival Co. & Company Profile

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.