Emprise Bank Invests $227,000 in Carnival Co. & plc (NYSE:CCL)

Emprise Bank purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,112 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the third quarter valued at approximately $25,000. Assetmark Inc. boosted its stake in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the period. CVA Family Office LLC boosted its stake in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the period. Morse Asset Management Inc bought a new stake in Carnival Co. & in the 3rd quarter valued at $46,000. Finally, Avior Wealth Management LLC raised its holdings in Carnival Co. & by 50.7% in the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after acquiring an additional 924 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL traded down $0.61 on Monday, reaching $23.66. 6,225,783 shares of the company’s stock traded hands, compared to its average volume of 19,304,641. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The stock has a market cap of $27.31 billion, a PE ratio of 21.13 and a beta of 2.64. The stock’s 50 day simple moving average is $25.06 and its two-hundred day simple moving average is $20.41. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $27.17.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the company earned ($0.07) earnings per share. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was 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 in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CCL shares. Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial boosted their price objective on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Mizuho upped their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Macquarie upped their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.18.

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.