Carnival Co. & plc (NYSE:CCL) Shares Bought by Bridgefront Capital LLC

Bridgefront Capital LLC increased its stake in Carnival Co. & plc (NYSE:CCL – Get Rating) by 24.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,058 shares of the company’s stock after purchasing an additional 4,366 shares during the period. Bridgefront Capital LLC’s holdings in Carnival Co. & were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in Carnival Co. & by 69.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 4,147 shares of the company’s stock worth $29,000 after purchasing an additional 1,705 shares in the last quarter. Spire Wealth Management boosted its stake in Carnival Co. & by 58.3% in the 3rd quarter. Spire Wealth Management now owns 4,376 shares of the company’s stock worth $31,000 after purchasing an additional 1,612 shares in the last quarter. Heritage Wealth Management LLC acquired a new stake in Carnival Co. & in the 2nd quarter worth approximately $46,000. Federated Hermes Inc. acquired a new stake in Carnival Co. & in the 3rd quarter worth approximately $43,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in Carnival Co. & in the 3rd quarter worth approximately $47,000. 49.87% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 5.3 %

Shares of CCL opened at $8.55 on Friday. Carnival Co. & plc has a 52-week low of $6.11 and a 52-week high of $21.50. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 4.52. The firm’s fifty day moving average is $10.71 and its two-hundred day moving average is $9.53. The stock has a market cap of $9.52 billion, a PE ratio of -1.65 and a beta of 2.22.

Carnival Co. & (NYSE:CCL – Get Rating) last announced its earnings results on Wednesday, December 21st. The company reported ($0.85) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.89) by $0.04. Carnival Co. & had a negative net margin of 50.07% and a negative return on equity of 64.76%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Research analysts forecast that Carnival Co. & plc will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CCL. Morgan Stanley raised their price target on shares of Carnival Co. & from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 10th. Barclays raised their price target on shares of Carnival Co. & from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, December 15th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $13.00 price target on shares of Carnival Co. & in a research report on Tuesday, December 6th. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, December 14th. Finally, Credit Suisse Group reduced their price target on shares of Carnival Co. & from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday, December 22nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.71.

Insiders Place Their Bets

In other news, CFO David Bernstein sold 107,119 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $11.08, for a total transaction of $1,186,878.52. Following the transaction, the chief financial officer now owns 286,041 shares of the company’s stock, valued at approximately $3,169,334.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Carnival Co. & Profile

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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.