Carnival Co. & plc (NYSE:CCL) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its stake in shares of Carnival Co. & plc (NYSE:CCL) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,645 shares of the company’s stock after selling 7,409 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Carnival Co. & were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CCL. Friedenthal Financial acquired a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $28,000. Hanseatic Management Services Inc. bought a new position in Carnival Co. & during the third quarter worth $30,000. Massmutual Trust Co. FSB ADV lifted its stake in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Bfsg LLC bought a new position in Carnival Co. & during the fourth quarter worth $38,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $15.09 on Friday. The firm’s 50-day simple moving average is $15.58 and its 200 day simple moving average is $15.46. The stock has a market cap of $16.93 billion, a P/E ratio of 58.02 and a beta of 2.54. Carnival Co. & plc has a fifty-two week low of $8.72 and a fifty-two week high of $19.74. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the business earned ($0.55) earnings per share. Carnival Co. &’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities analysts expect that Carnival Co. & plc will post 1.02 EPS for the current year.

Wall Street Analysts Forecast Growth

CCL has been the topic of several research analyst reports. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Truist Financial raised their price objective on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. Mizuho started coverage on Carnival Co. & in a research note on Tuesday, March 26th. They set a “buy” rating and a $21.00 price objective on the stock. Argus cut their target price on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Finally, Stifel Nicolaus cut their target price on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.47.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following 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 available through this link. Corporate insiders own 11.00% of the company’s stock.

About Carnival Co. &

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.