Americana Partners LLC Takes $385,000 Position in Carnival Co. & plc (NYSE:CCL)

Americana Partners LLC bought a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,439 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds have also recently modified their holdings of CCL. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter valued at about $25,000. Crewe Advisors LLC lifted its position in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares during the last quarter. Assetmark Inc. boosted its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after acquiring an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter worth $34,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & during the third quarter worth $46,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Performance

Shares of CCL traded down $1.38 during mid-day trading on Friday, reaching $23.19. The company had a trading volume of 31,202,401 shares, compared to its average volume of 20,760,125. The stock has a market capitalization of $26.99 billion, a P/E ratio of 16.68, a PEG ratio of 0.78 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 stock has a 50 day moving average of $25.69 and a two-hundred day moving average of $22.07. 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 released its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) EPS. On average, analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCL. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 target price on the stock. Loop Capital assumed coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a "hold" rating and a $25.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group upped their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.11.

Carnival Co. & 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.