Sagespring Wealth Partners LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

Sagespring Wealth Partners LLC 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 50,429 shares of the company's stock, valued at approximately $1,257,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. Crewe Advisors LLC raised its holdings in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & in the fourth quarter worth $34,000. Millstone Evans Group LLC purchased a new stake in Carnival Co. & during the fourth quarter valued at $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival Co. & during the fourth quarter valued at $42,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & in the 3rd quarter worth $46,000. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Performance

Shares of NYSE:CCL traded up $0.07 during midday trading on Friday, reaching $17.94. The company's stock had a trading volume of 17,695,651 shares, compared to its average volume of 26,319,856. The firm has a market capitalization of $20.93 billion, a PE ratio of 12.91, a P/E/G ratio of 0.73 and a beta of 2.42. The stock has a fifty day moving average of $21.02 and a 200 day moving average of $23.08. 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. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

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

Analyst Ratings Changes

CCL has been the subject of several recent research reports. Loop Capital dropped their price target on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Monday, March 24th. Barclays increased their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Mizuho lifted their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Citigroup cut their target price on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.84.

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.