Schroder Investment Management Group lifted its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,993,109 shares of the company's stock after buying an additional 929,094 shares during the period. Schroder Investment Management Group owned about 0.26% of Carnival Co. & worth $74,588,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares 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 worth $30,000 after acquiring an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the 4th quarter worth $34,000. Millstone Evans Group LLC bought a new stake in Carnival Co. & in the fourth quarter worth $34,000. 1620 Investment Advisors Inc. purchased a new stake in Carnival Co. & during the fourth quarter valued at about $42,000. Finally, Morse Asset Management Inc bought a new position in shares of Carnival Co. & during the third quarter valued at about $46,000. Institutional investors own 67.19% of the company's stock.
Carnival Co. & Stock Down 4.6 %
Carnival Co. & stock traded down $0.79 on Friday, hitting $16.49. 39,798,792 shares of the stock traded hands, compared to its average volume of 26,132,040. The business's fifty day simple moving average is $23.09 and its 200 day simple moving average is $23.20. The firm has a market cap of $19.24 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping 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 quarter in the previous year, the firm posted ($0.14) earnings per share. Carnival Co. &'s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on CCL shares. Mizuho increased their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Loop Capital decreased their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Barclays upped their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Finally, Stifel Nicolaus raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average target price of $26.89.
Check Out Our Latest Report on Carnival Co. &
Carnival Co. & Company Profile
(
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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