Tidal Investments LLC Has $1.35 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Tidal Investments LLC raised its stake in shares of Carnival Co. & plc (NYSE:CCL) by 2.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 73,147 shares of the company’s stock after purchasing an additional 2,033 shares during the period. Tidal Investments LLC’s holdings in Carnival Co. & were worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CCL. Envestnet Portfolio Solutions Inc. purchased a new position in Carnival Co. & in the second quarter valued at about $264,000. Raymond James & Associates increased its holdings in Carnival Co. & by 6.6% in the second quarter. Raymond James & Associates now owns 483,794 shares of the company’s stock worth $9,057,000 after buying an additional 30,001 shares during the last quarter. Focus Financial Network Inc. raised its position in Carnival Co. & by 6.2% during the second quarter. Focus Financial Network Inc. now owns 19,826 shares of the company’s stock valued at $365,000 after acquiring an additional 1,153 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Carnival Co. & by 22.7% in the second quarter. Atria Wealth Solutions Inc. now owns 54,974 shares of the company’s stock valued at $1,029,000 after acquiring an additional 10,164 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Carnival Co. & in the second quarter worth approximately $184,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

NYSE:CCL opened at $24.82 on Thursday. The firm’s 50-day moving average is $23.81 and its 200-day moving average is $19.38. The company has a market cap of $28.65 billion, a price-to-earnings ratio of 22.16 and a beta of 2.67. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $27.17.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities research analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Morgan Stanley boosted their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Tigress Financial increased their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Mizuho boosted their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $26.62.

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.