Cambridge Investment Research Advisors Inc. Sells 9,710 Shares of Carnival Co. & plc (NYSE:CCL)

Cambridge Investment Research Advisors Inc. reduced its holdings in Carnival Co. & plc (NYSE:CCL) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 303,093 shares of the company’s stock after selling 9,710 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Carnival Co. & were worth $4,953,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Sunbelt Securities Inc. increased its holdings in shares of Carnival Co. & by 4.1% in the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after acquiring an additional 601 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Carnival Co. & by 10.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after acquiring an additional 689 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after acquiring an additional 726 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after acquiring an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Carnival Co. & by 66.7% in the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after acquiring an additional 800 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCL shares. Truist Financial decreased their price objective on Carnival Co. & from $18.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, May 29th. Susquehanna decreased their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. Macquarie increased their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Mizuho started coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price objective for the company. Finally, Barclays increased their price objective on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.53.

Carnival Co. & Stock Performance

Shares of CCL traded up $0.08 during mid-day trading on Friday, reaching $16.70. The company’s stock had a trading volume of 17,319,793 shares, compared to its average volume of 29,475,312. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The stock has a market cap of $18.74 billion, a P/E ratio of 64.23 and a beta of 2.57. The business has a 50-day simple moving average of $15.08 and a two-hundred day simple moving average of $16.06. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period last year, the firm posted ($0.55) earnings per share. The business’s revenue was up 22.0% on a year-over-year basis. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal 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.