Intech Investment Management LLC Has $2.96 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Intech Investment Management LLC boosted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 1,063.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,567 shares of the company's stock after buying an additional 108,372 shares during the quarter. Intech Investment Management LLC's holdings in Carnival Co. & were worth $2,955,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CCL. Crewe Advisors LLC grew its position in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at approximately $34,000. Assetmark Inc. increased its position in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after buying an additional 1,546 shares during the period. Crews Bank & Trust acquired a new position in shares of Carnival Co. & during the fourth quarter worth approximately $50,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $52,000. Institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCL. Mizuho boosted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday. Loop Capital cut their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Monday. Stifel Nicolaus upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday. Citigroup decreased their price objective on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a report on Monday. Finally, Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 target price for the company. One equities 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.72.

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Carnival Co. & Price Performance

NYSE CCL traded up $0.52 on Monday, hitting $21.46. 21,664,393 shares of the company were exchanged, compared to its average volume of 26,323,730. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $24.98 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The firm has a 50 day moving average of $24.19 and a two-hundred day moving average of $23.04.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating 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 analyst estimates of $5.74 billion. During the same quarter last year, the business posted ($0.14) earnings per share. Carnival Co. &'s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts predict 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.