U S Global Investors Inc. Reduces Holdings in Carnival Co. & plc (NYSE:CCL)

U S Global Investors Inc. trimmed its stake in Carnival Co. & plc (NYSE:CCL) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 57,000 shares of the company’s stock after selling 1,700 shares during the quarter. U S Global Investors Inc.’s holdings in Carnival Co. & were worth $1,420,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Carnival Co. & during the third quarter valued at approximately $25,000. Crewe Advisors LLC raised its position in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the period. Assetmark Inc. grew its position in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. Finally, Morse Asset Management Inc purchased a new stake in Carnival Co. & in the 3rd quarter worth $46,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCL. Barclays upped their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Truist Financial increased their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Finally, Mizuho upped their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Trading Down 2.5 %

Shares of CCL stock opened at $23.51 on Friday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a market cap of $27.36 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business’s 50 day moving average is $25.51 and its two-hundred day moving average is $22.39.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.