Rhumbline Advisers lessened its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,759,607 shares of the company's stock after selling 38,801 shares during the quarter. Rhumbline Advisers owned 0.15% of Carnival Co. & worth $43,849,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC lifted its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & in the 3rd quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Assetmark Inc. increased its stake in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 67.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on CCL. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price target for the company. Mizuho lifted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Stifel Nicolaus lifted 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. Loop Capital started coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a "hold" rating and a $25.00 price objective for the company. Finally, Bank of America boosted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.11.
Get Our Latest Report on CCL
Carnival Co. & Price Performance
Shares of Carnival Co. & stock traded down $1.38 on Friday, hitting $23.19. 31,202,401 shares of the company were exchanged, compared to its average volume of 20,760,125. The stock has a market capitalization of $26.99 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.78 and a beta of 2.64. The company has a 50-day moving average price of $25.64 and a 200 day moving average price of $22.13. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping 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 business had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.94 billion. During the same period in the previous year, the firm posted ($0.07) EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.
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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