Mariner LLC Purchases 73,906 Shares of Carnival Co. & plc (NYSE:CCL)

Mariner LLC increased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,175 shares of the company's stock after purchasing an additional 73,906 shares during the quarter. Mariner LLC's holdings in Carnival Co. & were worth $5,387,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CCL shares. Barclays lowered their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday. BNP Paribas started coverage on Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 target price on the stock. Truist Financial lifted their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Citigroup decreased their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, StockNews.com upgraded shares of Carnival Co. & from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus target price of $26.53.

Carnival Co. & Price Performance

CCL stock traded up $0.23 during trading on Thursday, hitting $18.71. 14,780,178 shares of the stock traded hands, compared to its average volume of 26,215,122. The company has a 50 day simple moving average of $20.38 and a 200 day simple moving average of $23.08. 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 stock has a market cap of $21.83 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the business posted ($0.14) earnings per share. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.