Newbridge Financial Services Group Inc. Takes $336,000 Position in Carnival Co. & plc (NYSE:CCL)

Newbridge Financial Services Group Inc. bought a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,495 shares of the company's stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its position in shares of Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC lifted its position in Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock valued at $442,515,000 after purchasing an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC lifted its position in Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. Goldentree Asset Management LP lifted its position in Carnival Co. & by 16.1% during the third quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company's stock valued at $95,037,000 after purchasing an additional 712,469 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock valued at $75,310,000 after purchasing an additional 39,491 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Trading Down 0.0 %

CCL stock traded down $0.00 during trading on Thursday, hitting $25.89. The company had a trading volume of 14,543,485 shares, compared to its average volume of 19,807,846. The firm has a market capitalization of $30.14 billion, a P/E ratio of 18.62, a PEG ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a 50 day simple moving average of $25.74 and a 200-day simple moving average of $21.71. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho increased their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Barclays increased their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Citigroup increased their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, Stifel Nicolaus increased their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.11.

Carnival Co. & Company Profile

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.