Carnival Co. & plc (NYSE:CCL) Shares Bought by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 121.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,849 shares of the company’s stock after purchasing an additional 14,727 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Carnival Co. & were worth $669,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in shares of Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after buying an additional 1,678 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in 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 valued at $53,052,000 after acquiring an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & during the third quarter worth about $1,140,000. Commonwealth Equity Services LLC raised its holdings in shares of Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 1.3 %

Shares of Carnival Co. & stock opened at $26.20 on Friday. The business has a 50-day moving average price of $25.73 and a 200 day moving average price of $21.74. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market cap of $30.50 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.82 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CCL shares. Barclays raised their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Stifel Nicolaus boosted their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

About Carnival Co. &

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.