Wesbanco Bank Inc. Sells 25,000 Shares of Carnival Co. & plc (NYSE:CCL)

Wesbanco Bank Inc. cut its stake in Carnival Co. & plc (NYSE:CCL) by 43.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,176 shares of the company’s stock after selling 25,000 shares during the period. Wesbanco Bank Inc.’s holdings in Carnival Co. & were worth $621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Friedenthal Financial bought a new position in Carnival Co. & in the 4th quarter valued at about $28,000. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $31,000. BNP Paribas acquired a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $32,000. Finally, 1832 Asset Management L.P. boosted its position in Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after buying an additional 800 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Trading Up 1.0 %

Shares of NYSE:CCL opened at $14.63 on Friday. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 22.31 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The stock’s 50-day simple moving average is $16.96 and its two-hundred day simple moving average is $16.00. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same period last year, the firm posted ($0.31) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts expect that Carnival Co. & plc will post 1.18 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on CCL shares. Truist Financial raised their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Argus lifted their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Susquehanna reissued a “positive” rating and issued a $22.00 price target on shares of Carnival Co. & in a report on Wednesday, June 26th. Finally, UBS Group upped their price objective on shares of Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.33.

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.