Credit Capital Investments LLC Makes New $462,000 Investment in Carnival Co. & plc (NYSE:CCL)

Credit Capital Investments LLC purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $462,000. Carnival Co. & comprises approximately 0.6% of Credit Capital Investments LLC’s holdings, making the stock its 19th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Encompass Wealth Advisors LLC increased its stake in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after purchasing an additional 451 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Carnival Co. & by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,490,686 shares of the company’s stock worth $46,028,000 after purchasing an additional 28,403 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Carnival Co. & by 25.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock valued at $374,000 after purchasing an additional 4,062 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the third quarter valued at $25,000. Finally, River Global Investors LLP increased its stake in Carnival Co. & by 5.0% during the third quarter. River Global Investors LLP now owns 72,907 shares of the company’s stock worth $1,348,000 after acquiring an additional 3,471 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

CCL stock traded up $0.15 on Wednesday, reaching $24.74. The company’s stock had a trading volume of 6,031,321 shares, compared to its average volume of 29,604,264. The company has a market capitalization of $28.55 billion, a P/E ratio of 21.96 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & plc has a 52 week low of $13.33 and a 52 week high of $24.83. The firm has a fifty day moving average of $19.81 and a two-hundred day moving average of $17.48.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

CCL has been the topic of several recent research reports. Mizuho boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Citigroup upped their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Tigress Financial lifted their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Truist Financial upped their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus lifted their target price on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One research 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 data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $23.53.

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.