Riggs Asset Managment Co. Inc. Acquires New Shares in Carnival Co. & plc (NYSE:CCL)

Riggs Asset Managment Co. Inc. bought a new position in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 325,838 shares of the company's stock, valued at approximately $8,162,000. Carnival Co. & makes up approximately 2.2% of Riggs Asset Managment Co. Inc.'s investment portfolio, making the stock its 14th largest holding.

Several other hedge funds have also recently modified their holdings of CCL. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & in the 3rd quarter worth approximately $25,000. Assetmark Inc. boosted 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 worth $31,000 after buying an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the fourth quarter worth $34,000. CVA Family Office LLC increased its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock valued at $36,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Morse Asset Management Inc bought a new position in Carnival Co. & in the third quarter valued at about $46,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Down 2.9 %

Carnival Co. & stock opened at $27.66 on Friday. The business's 50-day moving average price is $25.58 and its 200 day moving average price is $21.23. 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 firm has a market cap of $32.20 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 0.87 and a beta of 2.64. 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 issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.94 billion. During the same quarter last year, the company earned ($0.07) EPS. The business's revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CCL shares. Stifel Nicolaus boosted 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. Mizuho boosted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Tigress Financial increased their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average target price of $27.24.

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.

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