Exchange Traded Concepts LLC Buys 5,892 Shares of Carnival Co. & plc (NYSE:CCL)

Exchange Traded Concepts LLC grew its stake in shares of Carnival Co. & plc (NYSE:CCL) by 499.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,072 shares of the company’s stock after acquiring an additional 5,892 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Carnival Co. & were worth $131,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Richardson Capital Management LLC bought a new position in Carnival Co. & in the 1st quarter valued at about $26,000. Family Firm Inc. bought a new position in Carnival Co. & in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new position in Carnival Co. & in the second quarter valued at approximately $30,000. BNP Paribas acquired a new position in Carnival Co. & during the first quarter valued at approximately $32,000. Finally, ORG Partners LLC bought a new stake in Carnival Co. & during the second quarter worth $37,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CCL shares. Bank of America raised their price objective on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Barclays raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Mizuho upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Truist Financial raised their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.53.

Carnival Co. & Trading Up 0.8 %

CCL opened at $21.45 on Wednesday. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $21.80. The company has a fifty day moving average of $17.85 and a 200-day moving average of $16.64. The stock has a market cap of $24.08 billion, a PE ratio of 33.00 and a beta of 2.69. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the business posted $0.86 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & plc will post 1.33 EPS 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.