Waycross Partners LLC Acquires 40,000 Shares of Carnival Co. & plc (NYSE:CCL)

Waycross Partners LLC boosted its position in shares of Carnival Co. & plc (NYSE:CCL) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,000 shares of the company’s stock after buying an additional 40,000 shares during the period. Waycross Partners LLC’s holdings in Carnival Co. & were worth $1,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Friedenthal Financial bought a new position in Carnival Co. & during the fourth quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV boosted its stake in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares during the last quarter. Bfsg LLC bought a new position in Carnival Co. & during the fourth quarter valued at approximately $38,000. Hanseatic Management Services Inc. bought a new position in Carnival Co. & during the third quarter valued at approximately $30,000. Finally, Planned Solutions Inc. bought a new position in Carnival Co. & during the fourth quarter valued at approximately $41,000. 67.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCL shares. Susquehanna lowered their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Wells Fargo & Company raised 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. Barclays raised their price objective on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus lowered their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Trading Down 2.0 %

CCL traded down $0.31 during trading on Tuesday, hitting $14.83. 22,937,610 shares of the stock were exchanged, compared to its average volume of 31,466,338. The firm has a 50 day simple moving average of $15.59 and a 200 day simple moving average of $15.53. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 57.02 and a beta of 2.54. Carnival Co. & plc has a 1 year low of $9.17 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. The company had revenue of $5.41 billion for 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%. Carnival Co. &’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the business posted ($0.55) EPS. As a group, equities analysts expect that Carnival Co. & plc will post 1.02 EPS for the current year.

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.