Legacy Capital Group California Inc. Takes Position in Carnival Co. & plc (NYSE:CCL)

Legacy Capital Group California Inc. purchased a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,933 shares of the company's stock, valued at approximately $871,000.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after purchasing an additional 1,678 shares during the period. Convergence Investment Partners LLC grew its holdings in Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after acquiring an additional 14,165 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Carnival Co. & by 72.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock worth $53,052,000 after acquiring an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & in the third quarter valued at $1,140,000. Finally, Cerity Partners LLC boosted its position in shares of Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company's stock worth $2,288,000 after purchasing an additional 79,857 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Up 0.4 %

CCL stock traded up $0.11 during midday trading on Tuesday, hitting $23.74. The stock had a trading volume of 17,705,607 shares, compared to its average volume of 20,705,566. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The firm has a market cap of $27.63 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The company's 50-day moving average price is $25.59 and its 200 day moving average price is $22.30. 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. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the firm posted ($0.07) earnings per share. The business's quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCL has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Wells Fargo & Company upped their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Finally, Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.11.

About Carnival Co. &

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.