Amalgamated Bank Has $4.89 Million Holdings in Carnival Co. & plc (NYSE:CCL)

Amalgamated Bank cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 196,162 shares of the company’s stock after selling 1,741 shares during the quarter. Amalgamated Bank’s holdings in Carnival Co. & were worth $4,888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the last quarter. Assetmark Inc. grew its holdings 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 purchasing an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. Finally, Morse Asset Management Inc bought a new stake in Carnival Co. & during the 3rd quarter worth about $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CCL shares. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Barclays raised their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Mizuho boosted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Trading Down 2.5 %

Shares of CCL stock opened at $23.51 on Friday. 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 firm has a market capitalization of $27.36 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock’s fifty day simple moving average is $25.51 and its 200 day simple moving average is $22.39.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

About Carnival Co. &

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.