Choreo LLC Decreases Stock Position in Carnival Co. & plc (NYSE:CCL)

Choreo LLC lessened its stake in Carnival Co. & plc (NYSE:CCL) by 7.6% in the fourth quarter, Holdings Channel reports. The fund owned 17,462 shares of the company’s stock after selling 1,444 shares during the quarter. Choreo LLC’s holdings in Carnival Co. & were worth $437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Encompass Wealth Advisors LLC increased its holdings in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after acquiring an additional 451 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Carnival Co. & by 1.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the last quarter. Graypoint LLC raised its holdings in shares of Carnival Co. & by 5.3% during the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after purchasing an additional 560 shares during the period. UMB Bank n.a. lifted its position in shares of Carnival Co. & by 5.1% in the 4th quarter. UMB Bank n.a. now owns 11,615 shares of the company’s stock worth $289,000 after buying an additional 561 shares during the last quarter. Finally, RFG Advisory LLC boosted its holdings in shares of Carnival Co. & by 5.8% in the 4th quarter. RFG Advisory LLC now owns 10,803 shares of the company’s stock valued at $269,000 after buying an additional 591 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $25.88 on Thursday. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock’s 50 day simple moving average is $25.76 and its two-hundred day simple moving average is $21.68. 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 $30.13 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.82 and a beta of 2.64.

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

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent research reports. Loop Capital began coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price on the stock. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Bank of America boosted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Truist Financial upped their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.11.

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.