Kovack Advisors Inc. Sells 2,800 Shares of Carnival Co. & plc (NYSE:CCL)

Kovack Advisors Inc. lessened its stake in shares of Carnival Co. & plc (NYSE:CCL) by 20.9% during the fourth quarter, Holdings Channel reports. The fund owned 10,577 shares of the company’s stock after selling 2,800 shares during the quarter. Kovack Advisors Inc.’s holdings in Carnival Co. & were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCL. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the third quarter valued at about $25,000. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the period. Assetmark Inc. boosted its position in 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 period. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & during the fourth quarter worth about $34,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Carnival Co. & in the third quarter worth about $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL stock opened at $23.93 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a 50-day moving average price of $25.45 and a two-hundred day moving average price of $22.50. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $27.86 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCL shares. Bank of America raised their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company lifted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Truist Financial lifted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Company 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.