Capital Square LLC Acquires New Holdings in Carnival Co. & plc (NYSE:CCL)

Capital Square LLC acquired a new position in 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 (SEC). The fund acquired 40,730 shares of the company's stock, valued at approximately $1,035,000.

Several other large investors have also added to or reduced their stakes in the business. Crewe Advisors LLC raised 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 worth $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in Carnival Co. & during the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in Carnival Co. & in the fourth quarter valued at approximately $42,000. Finally, Morse Asset Management Inc bought a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Price Performance

Carnival Co. & stock traded up $0.65 during midday trading on Tuesday, reaching $17.89. The company's stock had a trading volume of 8,519,621 shares, compared to its average volume of 26,221,110. The stock has a market cap of $20.87 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The business has a 50-day moving average price of $20.70 and a 200-day moving average price of $23.15.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $25.00 to $21.00 in a report on Thursday, April 10th. BNP Paribas began coverage on Carnival Co. & in a report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective for the company. Barclays increased their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.84.

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.