Exchange Traded Concepts LLC Purchases 5,892 Shares of Carnival Co. & plc (NYSE:CCL)

Exchange Traded Concepts LLC grew its position in Carnival Co. & plc (NYSE:CCL) by 499.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,072 shares of the company’s stock after purchasing an additional 5,892 shares during the period. Exchange Traded Concepts LLC’s holdings in Carnival Co. & were worth $131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Continuum Advisory LLC boosted its holdings in 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 purchasing an additional 630 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after buying an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after buying an additional 737 shares during the last quarter. Fidelis Capital Partners LLC grew its holdings in shares of 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 acquiring an additional 764 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Carnival Co. & by 1.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 47,049 shares of the company’s stock valued at $769,000 after acquiring an additional 807 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CCL. Barclays increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Argus increased their price objective on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Macquarie boosted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Mizuho upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Finally, Truist Financial lifted their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $21.45 on Wednesday. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 33.00 and a beta of 2.69. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $21.80. The stock’s 50 day moving average is $17.85 and its 200-day moving average is $16.64.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. Equities research analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

About Carnival Co. &

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.