Newbridge Financial Services Group Inc. Takes Position in Carnival Co. & plc (NYSE:CCL)

Newbridge Financial Services Group Inc. purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,495 shares of the company’s stock, valued at approximately $336,000.

Several other large investors have also bought and sold shares of CCL. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & during the third quarter valued at approximately $25,000. Crewe Advisors LLC increased 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 last quarter. Assetmark Inc. raised its stake in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter worth about $34,000. Finally, CVA Family Office LLC grew its position in Carnival Co. & by 163.9% during 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. 67.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CCL shares. Mizuho boosted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Bank of America upped their price objective on 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 raised their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Barclays increased their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Finally, 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 objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Trading Down 2.5 %

Carnival Co. & stock opened at $26.75 on Monday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market cap of $31.14 billion, a P/E ratio of 19.24, a PEG ratio of 0.82 and a beta of 2.64. The firm’s fifty day moving average price is $25.77 and its 200-day moving average price is $21.54.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for 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%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. Equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & 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.