Cerity Partners LLC Boosts Stock Position in Carnival Co. & plc (NYSE:CCL)

Cerity Partners LLC boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 61.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,292 shares of the company's stock after acquiring an additional 76,477 shares during the period. Cerity Partners LLC's holdings in Carnival Co. & were worth $4,712,000 at the end of the most recent reporting period.

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

Carnival Co. & Price Performance

Shares of Carnival Co. & stock traded up $0.07 during trading hours on Friday, hitting $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 company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The business has a 50 day moving average price of $21.02 and a two-hundred day moving average price of $23.08. The company has a market cap of $20.93 billion, a PE ratio of 12.91, a PEG ratio of 0.73 and a beta of 2.42.

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, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share. Analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on CCL. Loop Capital cut their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. BNP Paribas initiated coverage on Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. StockNews.com downgraded shares of Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from 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.