SPX Gestao de Recursos Ltda Invests $2.49 Million in Carnival Co. & plc (NYSE:CCL)

SPX Gestao de Recursos Ltda purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $2,492,000.

A number of other hedge funds also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Carnival Co. & by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 498,980 shares of the company's stock valued at $12,435,000 after buying an additional 10,900 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its stake in Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after purchasing an additional 475 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Carnival Co. & during the fourth quarter worth approximately $2,806,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Carnival Co. & in the fourth quarter worth approximately $222,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Carnival Co. & by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 200,169 shares of the company's stock valued at $4,988,000 after buying an additional 8,335 shares during the period. Institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCL. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. Loop Capital began coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a "hold" rating and a $25.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Finally, Stifel Nicolaus lifted their price objective on Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.11.

Carnival Co. & Stock Performance

Shares of CCL stock traded up $0.27 during trading on Wednesday, reaching $25.88. 13,924,771 shares of the company's stock traded hands, compared to its average volume of 19,995,199. The company has a market capitalization of $30.13 billion, a P/E ratio of 18.62, a PEG ratio of 0.82 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 firm's 50-day moving average is $25.76 and its 200 day moving average is $21.68. 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. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data 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 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 in the prior year, the company earned ($0.07) earnings per share. The business's revenue was up 10.0% compared to the same quarter last year. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

About Carnival Co. &

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.