Oak Thistle LLC Invests $536,000 in Carnival Co. & plc (NYSE:CCL)

Oak Thistle LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCLFree Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 28,923 shares of the company’s stock, valued at approximately $536,000.

Other large investors also recently modified their holdings of the company. Wealthfront Advisers LLC lifted its position in shares of Carnival Co. & by 447.6% during the third quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock worth $2,959,000 after purchasing an additional 176,286 shares in the last quarter. Bellwether Advisors LLC acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $1,368,000. Patton Fund Management Inc. lifted its holdings in Carnival Co. & by 981.9% in the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock valued at $1,497,000 after buying an additional 99,046 shares during the period. Nordea Investment Management AB lifted its holdings in Carnival Co. & by 126.1% in the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock valued at $13,782,000 after buying an additional 413,082 shares during the period. Finally, Blackstone Inc. lifted its holdings in Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after buying an additional 1,010,000 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $15.34 on Thursday. The stock has a market cap of $17.22 billion, a P/E ratio of 59.54 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The company has a fifty day moving average price of $15.98 and a two-hundred day moving average price of $15.36. Carnival Co. & plc has a one year low of $8.70 and a one year high of $19.74.

Carnival Co. & (NYSE:CCLGet Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.55) earnings per share. As a group, equities analysts predict that Carnival Co. & plc will post 0.97 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCL. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Carnival Co. & from $14.00 to $18.00 and gave the company a “hold” rating in a report on Friday, December 22nd. Macquarie increased their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Truist Financial increased their target price on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Wells Fargo & Company raised shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.37.

Read Our Latest Analysis on Carnival Co. &

Insider Buying and Selling at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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