Ieq Capital LLC increased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 336.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,554 shares of the company's stock after acquiring an additional 228,603 shares during the period. Ieq Capital LLC's holdings in Carnival Co. & were worth $7,390,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCL. Hartford Investment Management Co. raised its position in Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock valued at $1,601,000 after purchasing an additional 387 shares in the last quarter. Encompass Wealth Advisors LLC increased its stake in shares of Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company's stock worth $297,000 after buying an additional 451 shares during the period. Avidian Wealth Enterprises LLC raised its holdings in Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after acquiring an additional 468 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock worth $1,224,000 after acquiring an additional 521 shares during the last quarter. Finally, Graypoint LLC grew its holdings in Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company's stock worth $276,000 after acquiring an additional 560 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Co. & Stock Performance
Shares of NYSE:CCL traded down $1.38 on Friday, reaching $23.19. The company's stock had a trading volume of 31,202,401 shares, compared to its average volume of 20,760,125. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. 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. The stock's 50-day moving average is $25.69 and its two-hundred day moving average is $22.07. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.94 billion. During the same quarter in the previous year, the firm posted ($0.07) EPS. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on CCL shares. The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Stifel Nicolaus raised their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Citigroup upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Truist Financial boosted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $27.11.
View Our Latest Report on CCL
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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