EWG Elevate Inc. Has $242,000 Stake in Carnival Co. & plc (NYSE:CCL)

EWG Elevate Inc. reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 15.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,107 shares of the company’s stock after selling 2,425 shares during the period. EWG Elevate Inc.’s holdings in Carnival Co. & were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CCL. Continuum Advisory LLC increased its position in shares of Carnival Co. & by 22.1% during the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after acquiring an additional 630 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after purchasing an additional 726 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Carnival Co. & by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after buying an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Carnival Co. & by 2.9% during the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after buying an additional 737 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its position in Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after buying an additional 764 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

CCL has been the subject of several recent analyst reports. Susquehanna reiterated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Stifel Nicolaus upped their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Citigroup increased their price target on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, Truist Financial boosted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.16.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock traded down $0.01 during trading hours on Monday, reaching $18.01. The company had a trading volume of 31,293,269 shares, compared to its average volume of 30,095,826. The firm has a market cap of $20.22 billion, a PE ratio of 27.71 and a beta of 2.69. Carnival Co. & plc has a one year low of $10.84 and a one year high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The business has a fifty day simple moving average of $16.58 and a 200 day simple moving average of $16.28.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, analysts anticipate that Carnival Co. & plc will post 1.21 earnings per share for the current fiscal year.

Carnival Co. & 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.