Credit Capital Investments LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Credit Capital Investments LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 25,000 shares of the company’s stock, valued at approximately $462,000. Carnival Co. & makes up about 0.6% of Credit Capital Investments LLC’s holdings, making the stock its 19th largest position.

Several other hedge funds have also recently bought and sold shares of CCL. Empowered Funds LLC boosted its holdings in Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after acquiring an additional 3,741 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Carnival Co. & by 123.1% during the first quarter. Illinois Municipal Retirement Fund now owns 75,193 shares of the company’s stock valued at $1,229,000 after acquiring an additional 41,489 shares during the period. Patton Fund Management Inc. bought a new stake in Carnival Co. & during the first quarter valued at about $164,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Carnival Co. & by 21.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,141,038 shares of the company’s stock valued at $18,645,000 after buying an additional 198,169 shares during the period. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Carnival Co. & in the first quarter valued at about $2,202,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCL has been the subject of several research reports. Mizuho increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Barclays increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Morgan Stanley raised their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.53.

Carnival Co. & Price Performance

Shares of NYSE CCL traded up $0.15 during trading on Wednesday, reaching $24.74. The company had a trading volume of 6,031,321 shares, compared to its average volume of 29,604,264. Carnival Co. & plc has a 52 week low of $13.33 and a 52 week high of $24.83. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The business’s 50 day moving average price is $19.81 and its 200-day moving average price is $17.48. The stock has a market cap of $28.55 billion, a PE ratio of 21.96 and a beta of 2.66.

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

Insider Activity at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by company insiders.

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.