GAMMA Investing LLC Boosts Holdings in Carnival Co. & plc (NYSE:CCL)

GAMMA Investing LLC grew its position in shares of Carnival Co. & plc (NYSE:CCL) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,752 shares of the company’s stock after buying an additional 3,181 shares during the quarter. GAMMA Investing LLC’s holdings in Carnival Co. & were worth $517,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CCL. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & during the third quarter worth about $25,000. Assetmark Inc. raised its stake in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Carnival Co. & in the third quarter valued at approximately $46,000. Finally, Avior Wealth Management LLC grew its holdings in Carnival Co. & by 50.7% during the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after acquiring an additional 924 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CCL. Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Citigroup increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Morgan Stanley raised their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.85.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $24.38 on Monday. The firm’s 50-day moving average is $24.85 and its two-hundred day moving average is $20.16. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a market capitalization of $28.14 billion, a P/E ratio of 21.77 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17.

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. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the company earned ($0.07) EPS. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Carnival Co. & Company Profile

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.