Spire Wealth Management grew its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 467.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,733 shares of the company's stock after acquiring an additional 37,678 shares during the quarter. Spire Wealth Management's holdings in Carnival Co. & were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of CCL. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter worth about $25,000. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter worth about $34,000. Assetmark Inc. increased its stake in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after acquiring an additional 1,546 shares during the last quarter. CVA Family Office LLC raised 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 purchasing an additional 1,205 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $50,000. 67.19% of the stock is owned by hedge funds and other institutional investors.
Carnival Co. & Stock Performance
NYSE:CCL traded up $0.13 during trading hours on Wednesday, reaching $27.22. The company had a trading volume of 13,059,716 shares, compared to its average volume of 21,215,510. The firm has a market cap of $31.69 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The business's 50 day moving average price is $25.66 and its 200-day moving average price is $21.38. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. During the same quarter in the prior year, the firm posted ($0.07) EPS. Carnival Co. &'s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on CCL. Barclays raised their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 target price on the stock. Finally, Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.11.
Get Our Latest Analysis on Carnival Co. &
Carnival Co. & 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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