Kovitz Investment Group Partners LLC Buys 803,453 Shares of Carnival Co. & plc (NYSE:CCL)

Kovitz Investment Group Partners LLC raised its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 2,259.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 839,014 shares of the company's stock after acquiring an additional 803,453 shares during the period. Kovitz Investment Group Partners LLC owned about 0.07% of Carnival Co. & worth $20,908,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hartford Investment Management Co. grew its holdings in shares of Carnival Co. & by 0.6% during 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 during the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of Carnival Co. & by 23.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after buying an additional 468 shares during the period. Sound View Wealth Advisors Group LLC lifted its stake in shares of Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after acquiring an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after acquiring an additional 521 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCL has been the subject of several recent research reports. Northcoast Research initiated coverage on Carnival Co. & in a research report on Friday. They issued a "neutral" rating for the company. StockNews.com lowered shares of Carnival Co. & from a "buy" rating to a "hold" rating in a report on Saturday. Loop Capital cut their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Mizuho boosted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Finally, Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Stock Down 0.8 %

Shares of NYSE:CCL traded down $0.15 on Tuesday, hitting $18.71. 30,350,419 shares of the company traded hands, compared to its average volume of 26,197,429. The stock has a 50 day simple moving average of $19.95 and a 200-day simple moving average of $23.11. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a market cap of $21.83 billion, a PE ratio of 13.46, a PEG ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

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 for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned ($0.14) EPS. As a group, research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Carnival Co. & 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.