Vontobel Holding Ltd. Has $563,000 Holdings in Carnival Co. & plc (NYSE:CCL)

Vontobel Holding Ltd. cut its holdings in Carnival Co. & plc (NYSE:CCL) by 88.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,384 shares of the company’s stock after selling 224,237 shares during the quarter. Vontobel Holding Ltd.’s holdings in Carnival Co. & were worth $563,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCL. Friedenthal Financial acquired a new position in shares of Carnival Co. & during the fourth quarter worth approximately $28,000. Hanseatic Management Services Inc. acquired a new position in shares of Carnival Co. & during the third quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV raised its position in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 739 shares during the period. First Horizon Advisors Inc. raised its position in shares of Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after purchasing an additional 2,004 shares during the period. Finally, Stonebridge Capital Advisors LLC raised its position in shares of Carnival Co. & by 100.1% during the third quarter. Stonebridge Capital Advisors LLC now owns 2,999 shares of the company’s stock worth $41,000 after purchasing an additional 1,500 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 1.2 %

Shares of NYSE:CCL opened at $14.29 on Tuesday. The company has a market capitalization of $16.03 billion, a PE ratio of 54.94 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The business has a fifty day moving average price of $15.59 and a two-hundred day moving average price of $15.43. Carnival Co. & plc has a 1 year low of $8.70 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.55) EPS. Analysts forecast that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CCL shares. JPMorgan Chase & Co. upped their target price on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Macquarie upped their target price on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus lowered their target price on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Truist Financial upped their price target on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Susquehanna decreased their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

Insider Transactions at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Carnival Co. & Profile

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.