Convergence Investment Partners LLC lifted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 54.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,202 shares of the company's stock after buying an additional 14,165 shares during the period. Convergence Investment Partners LLC's holdings in Carnival Co. & were worth $1,002,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. raised its stake in shares of Carnival Co. & by 21.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 60,658 shares of the company's stock worth $1,512,000 after buying an additional 10,789 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Carnival Co. & by 39.2% in the 4th quarter. Venturi Wealth Management LLC now owns 2,207 shares of the company's stock worth $55,000 after buying an additional 622 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter worth $219,000. CIBC Asset Management Inc raised its stake in shares of Carnival Co. & by 6.8% in the 4th quarter. CIBC Asset Management Inc now owns 160,718 shares of the company's stock worth $4,005,000 after buying an additional 10,271 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Carnival Co. & by 68.9% in the 4th quarter. Sanctuary Advisors LLC now owns 96,133 shares of the company's stock worth $2,396,000 after acquiring an additional 39,205 shares during the last quarter. Institutional investors own 67.19% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on CCL shares. Wells Fargo & Company lifted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Mizuho lifted their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Loop Capital started coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a "hold" rating and a $25.00 target price on the stock. Barclays lifted their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Finally, Citigroup 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, December 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus price target of $27.11.
Read Our Latest Stock Report on Carnival Co. &
Carnival Co. & Stock Down 6.4 %
CCL traded down $1.57 during trading on Friday, reaching $22.99. 23,377,282 shares of the stock traded hands, compared to its average volume of 20,485,447. The stock has a market cap of $26.77 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.78 and a beta of 2.64. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock's 50-day simple moving average is $25.69 and its two-hundred day simple moving average is $22.07.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $5.94 billion. During the same quarter last year, the firm earned ($0.07) earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.
About Carnival Co. &
(
Free Report)
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.
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