Wedge Capital Management L L P NC Has $53.98 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Wedge Capital Management L L P NC increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 718.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,165,952 shares of the company’s stock after acquiring an additional 1,901,224 shares during the quarter. Carnival Co. & comprises about 1.0% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 26th largest position. Wedge Capital Management L L P NC’s holdings in Carnival Co. & were worth $53,976,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the 3rd quarter worth about $25,000. Assetmark Inc. raised its stake 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 buying an additional 1,546 shares during the last quarter. CVA Family Office LLC lifted its holdings in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the period. Morse Asset Management Inc bought a new position in 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 3rd 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 own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of analyst reports. Macquarie increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Tigress Financial increased their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Finally, Barclays lifted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is currently owned by corporate insiders.

Carnival Co. & Price Performance

Shares of CCL opened at $25.85 on Friday. The company has a 50 day moving average of $25.19 and a 200-day moving average of $20.55. 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 stock has a market capitalization of $29.83 billion, a P/E ratio of 18.60, a P/E/G ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $27.17.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the business earned ($0.07) EPS. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.

Carnival Co. & Company Profile

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.