Fisher Asset Management LLC Lowers Position in Carnival Co. & plc (NYSE:CCL)

Fisher Asset Management LLC cut its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,817 shares of the company's stock after selling 13,794 shares during the quarter. Fisher Asset Management LLC's holdings in Carnival Co. & were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $25,000. Crewe Advisors LLC lifted its stake in 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. Assetmark Inc. lifted its stake in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after acquiring an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the 4th quarter worth about $34,000. Finally, Morse Asset Management Inc acquired a new position in Carnival Co. & during the 3rd quarter worth about $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the topic of several research reports. The Goldman Sachs Group increased their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Loop Capital initiated coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a "hold" rating and a $25.00 target price on the stock. Wells Fargo & Company increased their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Stifel Nicolaus increased their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.11.

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Carnival Co. & Trading Down 1.2 %

Shares of CCL stock opened at $20.62 on Friday. The business's 50 day moving average is $25.07 and its two-hundred day moving average is $22.73. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a market capitalization of $24.00 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. 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. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. Equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

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.

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