EWG Elevate Inc. Boosts Holdings in Carnival Co. & plc (NYSE:CCL)

EWG Elevate Inc. grew its position in Carnival Co. & plc (NYSE:CCL) by 128.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,907 shares of the company’s stock after acquiring an additional 16,800 shares during the quarter. EWG Elevate Inc.’s holdings in Carnival Co. & were worth $745,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after purchasing an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Carnival Co. & during the 3rd quarter valued at about $1,140,000. Commonwealth Equity Services LLC boosted its position in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after buying an additional 39,491 shares during the period. Wedge Capital Management L L P NC grew its stake in Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after acquiring an additional 24,198 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares during the period. Institutional investors own 67.19% of the company’s stock.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Up 0.5 %

Carnival Co. & stock opened at $24.30 on Monday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $27.17. The stock has a market capitalization of $28.05 billion, a PE ratio of 21.70 and a beta of 2.64. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The business has a 50 day simple moving average of $25.06 and a 200-day simple moving average of $20.41.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. On average, analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CCL shares. Stifel Nicolaus upped their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Bank of America increased their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Tigress Financial lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Macquarie increased their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.18.

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.