Level Four Advisory Services LLC Sells 1,343 Shares of Carnival Co. & plc (NYSE:CCL)

Level Four Advisory Services LLC lowered its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,812 shares of the company’s stock after selling 1,343 shares during the period. Level Four Advisory Services LLC’s holdings in Carnival Co. & were worth $245,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCL. Morgan Stanley upped their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Barclays upped their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Citigroup decreased their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, March 24th. 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. Finally, BNP Paribas assumed coverage on Carnival Co. & in a research note on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $19.38 on Wednesday. The stock’s fifty day moving average is $23.54 and its 200 day moving average is $23.24. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a market cap of $22.60 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) EPS. Sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.