Bfsg LLC Acquires New Position in Carnival Co. & plc (NYSE:CCL)

Bfsg LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, Holdings Channel reports. The fund acquired 2,066 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also modified their holdings of CCL. Friedenthal Financial purchased a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $28,000. Hanseatic Management Services Inc. acquired a new position in Carnival Co. & during the third quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV increased its position in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. First Horizon Advisors Inc. increased its position in Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC increased its position in Carnival Co. & by 100.1% during the third quarter. Stonebridge Capital Advisors LLC now owns 2,999 shares of the company’s stock worth $41,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is currently owned by insiders.

Carnival Co. & Price Performance

CCL opened at $15.26 on Friday. The company has a fifty day simple moving average of $15.57 and a 200 day simple moving average of $15.44. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 58.38 and a beta of 2.54. Carnival Co. & plc has a twelve month low of $8.72 and a twelve month high of $19.74. 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 results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the business earned ($0.55) EPS. The business’s revenue was up 22.0% on a year-over-year basis. Equities research analysts expect that Carnival Co. & plc will post 1.02 EPS for the current fiscal year.

Analyst Ratings Changes

CCL has been the subject of several research analyst reports. Tigress Financial upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday. Stifel Nicolaus dropped their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Argus dropped their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

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.