Strategic Financial Concepts LLC Acquires New Position in Carnival Co. & plc (NYSE:CCL)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Carnival Co. & during the 2nd quarter worth approximately $624,000. CWM LLC grew its position in Carnival Co. & by 125.8% during the 3rd quarter. CWM LLC now owns 69,533 shares of the company's stock worth $1,285,000 after purchasing an additional 38,741 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Carnival Co. & by 499.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company's stock worth $131,000 after purchasing an additional 5,892 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock worth $4,892,000 after purchasing an additional 24,198 shares during the last quarter. Finally, Swedbank AB grew its position in Carnival Co. & by 5.5% during the 3rd quarter. Swedbank AB now owns 250,235 shares of the company's stock worth $4,624,000 after purchasing an additional 13,137 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE:CCL traded up $0.34 during trading hours on Friday, reaching $26.20. 12,154,898 shares of the company were exchanged, compared to its average volume of 19,665,830. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock's 50-day moving average is $25.72 and its 200-day moving average is $21.80. The firm has a market cap of $30.50 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted 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. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on CCL. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a "market perform" rating and a $26.00 target price on the stock. The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Barclays upped their price objective 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. Bank of America upped their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Citigroup upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, December 23rd. One 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's stock. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus price target of $27.11.

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.