Trek Financial LLC Invests $403,000 in Carnival Co. & plc (NYSE:CCL)

Trek Financial LLC bought a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,157 shares of the company's stock, valued at approximately $403,000.

Several other hedge funds have also bought and sold shares of CCL. Morse Asset Management Inc acquired a new stake in Carnival Co. & during the 3rd quarter valued at $46,000. Quantinno Capital Management LP lifted its stake in shares of Carnival Co. & by 355.1% during the 3rd quarter. Quantinno Capital Management LP now owns 209,836 shares of the company's stock worth $3,878,000 after buying an additional 163,732 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Carnival Co. & by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 771,899 shares of the company's stock worth $14,265,000 after buying an additional 7,918 shares during the last quarter. State Street Corp boosted its holdings in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after buying an additional 2,301,906 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in Carnival Co. & in the 3rd quarter valued at about $657,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CCL. William Blair restated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Stifel Nicolaus lifted their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Finally, Wells Fargo & Company upped their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and an average target price of $26.84.

Carnival Co. & Price Performance

Shares of CCL stock traded up $0.10 on Friday, hitting $17.70. 18,733,314 shares of the company's stock were exchanged, compared to its average volume of 26,413,808. The company has a 50 day moving average of $21.74 and a 200 day moving average of $23.16. The stock has a market cap of $20.64 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) earnings per share. On average, equities research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

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.