Carnival Co. & plc (NYSE:CCL) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 22.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,772 shares of the company’s stock after selling 4,182 shares during the period. Thoroughbred Financial Services LLC’s holdings in Carnival Co. & were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Crewe Advisors LLC increased its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the fourth quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & during the 4th quarter worth $34,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Carnival Co. & in the 4th quarter worth about $42,000. Finally, Morse Asset Management Inc acquired a new stake in Carnival Co. & in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 4.6 %

Shares of CCL opened at $16.49 on Monday. The stock’s fifty day simple moving average is $23.09 and its 200 day simple moving average is $23.23. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $19.24 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the business posted ($0.14) EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CCL shares. Tigress Financial reaffirmed a “buy” rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Stifel Nicolaus lifted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, Wells Fargo & Company boosted their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and a consensus price target of $26.89.

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.