NBC Securities Inc. Takes $53,000 Position in Carnival Co. & plc (NYSE:CCL)

NBC Securities Inc. bought a new position in Carnival Co. & plc (NYSE:CCLFree Report) during the third quarter, Holdings Channel.com reports. The institutional investor bought 3,865 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Carnival Co. & by 59.6% in the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock valued at $34,000 after buying an additional 669 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Carnival Co. & by 2.5% in the second quarter. Crossmark Global Holdings Inc. now owns 28,282 shares of the company’s stock valued at $523,000 after buying an additional 679 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Carnival Co. & by 0.4% in the first quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock valued at $3,826,000 after buying an additional 803 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of Carnival Co. & by 0.3% in the second quarter. State of Michigan Retirement System now owns 276,144 shares of the company’s stock valued at $5,200,000 after buying an additional 900 shares during the last quarter. Finally, Fund Management at Engine No. 1 LLC raised its holdings in shares of Carnival Co. & by 7.6% in the second quarter. Fund Management at Engine No. 1 LLC now owns 13,061 shares of the company’s stock valued at $246,000 after buying an additional 920 shares during the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO David Bernstein sold 34,020 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $17.05, for a total transaction of $580,041.00. Following the sale, the chief financial officer now owns 335,976 shares in the company, valued at $5,728,390.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research reports. Wells Fargo & Company raised shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a report on Friday, January 5th. Macquarie increased their price target on shares of Carnival Co. & from $16.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. Barclays increased their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, December 22nd. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Finally, Citigroup increased their price target on shares of Carnival Co. & from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.56.

Read Our Latest Analysis on CCL

Carnival Co. & Stock Up 0.9 %

CCL stock opened at $15.97 on Wednesday. The company’s 50 day simple moving average is $17.29 and its 200-day simple moving average is $15.53. The firm has a market capitalization of $17.88 billion, a PE ratio of -133.07 and a beta of 2.57. Carnival Co. & plc has a 12 month low of $8.37 and a 12 month high of $19.74. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.46 and a quick ratio of 0.41.

Carnival Co. & (NYSE:CCLGet Free Report) last released its quarterly earnings results on Thursday, December 21st. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.06. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.29 billion. Carnival Co. & had a negative net margin of 0.34% and a positive return on equity of 0.02%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.85) earnings per share. Equities analysts expect that Carnival Co. & plc will post 1 earnings per share for the current fiscal year.

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 and private islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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

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