Fielder Capital Group LLC Invests $231,000 in Carnival Co. & plc (NYSE:CCL)

Fielder Capital Group LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,464 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors have also recently modified their holdings of CCL. Commonwealth Equity Services LLC lifted its holdings in shares of Carnival Co. & by 16.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock worth $87,094,000 after buying an additional 652,798 shares during the period. Deutsche Bank AG increased its position in Carnival Co. & by 117.5% during the 3rd quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock valued at $48,000,000 after purchasing an additional 1,890,081 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Carnival Co. & by 1.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,164,728 shares of the company’s stock valued at $43,420,000 after purchasing an additional 44,972 shares in the last quarter. Blackstone Inc. lifted its position in shares of Carnival Co. & by 50.8% in the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after purchasing an additional 1,010,000 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Carnival Co. & by 4.6% during the third quarter. California Public Employees Retirement System now owns 1,882,868 shares of the company’s stock valued at $25,833,000 after purchasing an additional 82,869 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Tigress Financial lifted their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Susquehanna reduced their target price on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. Argus lowered their price target on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Finally, Truist Financial boosted their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock traded up $0.16 during trading on Monday, hitting $14.60. 29,195,029 shares of the company’s stock were exchanged, compared to its average volume of 31,243,738. Carnival Co. & plc has a 52-week low of $9.68 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 56.15 and a beta of 2.53. The business has a 50-day simple moving average of $15.55 and a 200-day simple moving average of $15.60.

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

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.