Strategic Financial Concepts LLC Buys Shares of 29,439 Carnival Co. & plc (NYSE:CCL)

Strategic Financial Concepts LLC purchased a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,439 shares of the company's stock, valued at approximately $734,000.

A number of other large investors also recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at $25,000. Crewe Advisors LLC raised its stake in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after purchasing an additional 888 shares in the last quarter. Assetmark Inc. raised its stake in shares of Carnival Co. & by 1,431.5% in the third 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. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the fourth quarter valued at $34,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & in the third quarter valued at $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCL has been the subject of a number of recent research reports. Truist Financial upped their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price objective for the company. Stifel Nicolaus increased their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Finally, Mizuho increased their price objective 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 assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.11.

Carnival Co. & Trading Down 5.8 %

Carnival Co. & stock traded down $1.42 during mid-day trading on Friday, hitting $23.15. The stock had a trading volume of 19,262,078 shares, compared to its average volume of 20,355,209. The stock has a 50-day simple moving average of $25.69 and a two-hundred day simple moving average of $22.07. The stock has a market capitalization of $26.95 billion, a PE ratio of 16.65, a P/E/G ratio of 0.78 and a beta of 2.64. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. 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 released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Carnival Co. & Company 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.