Parkside Financial Bank & Trust Buys 689 Shares of Carnival Co. & plc (NYSE:CCL)

Parkside Financial Bank & Trust increased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 10.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,341 shares of the company’s stock after buying an additional 689 shares during the period. Parkside Financial Bank & Trust’s holdings in Carnival Co. & were worth $136,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CCL. Friedenthal Financial bought a new stake in shares of Carnival Co. & during the 4th quarter worth about $28,000. Hanseatic Management Services Inc. acquired a new stake in Carnival Co. & in the 3rd quarter worth about $30,000. Massmutual Trust Co. FSB ADV raised its stake in Carnival Co. & by 67.2% in the 4th 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 in the last quarter. First Horizon Advisors Inc. raised its stake in Carnival Co. & by 254.3% in the 3rd 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 in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its stake in Carnival Co. & by 100.1% in the 3rd 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 in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 1.5 %

CCL opened at $15.01 on Thursday. Carnival Co. & plc has a fifty-two week low of $8.70 and a fifty-two week high of $19.74. 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 firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 57.73 and a beta of 2.54. The company’s 50 day moving average price is $15.58 and its two-hundred day moving average price is $15.44.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the firm posted ($0.55) EPS. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, research analysts predict that Carnival Co. & plc will post 1.02 earnings per share for the current year.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the sale, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CCL shares. Mizuho started coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price objective for the company. Wells Fargo & Company upgraded shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Friday, January 5th. Susquehanna dropped their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. Argus dropped their target price on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Finally, William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.47.

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.