SteelPeak Wealth LLC Has $1.19 Million Position in Carnival Co. & plc (NYSE:CCL)

SteelPeak Wealth LLC reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 31.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,332 shares of the company’s stock after selling 29,809 shares during the period. SteelPeak Wealth LLC’s holdings in Carnival Co. & were worth $1,189,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Family Firm Inc. purchased a new position in Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & in the 2nd quarter valued at approximately $30,000. BNP Paribas acquired a new position in Carnival Co. & in the first quarter worth approximately $32,000. CVA Family Office LLC raised 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 acquiring an additional 1,205 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in Carnival Co. & in the second quarter valued at approximately $37,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $22.16 on Thursday. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 19.79 and a beta of 2.69. Carnival Co. & plc has a one year low of $11.10 and a one year high of $22.39. The business has a fifty day simple moving average of $18.58 and a 200 day simple moving average of $16.90. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCL. Citigroup raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Barclays increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Macquarie boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.53.

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.