Yousif Capital Management LLC grew its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 27.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,433 shares of the company's stock after purchasing an additional 35,702 shares during the quarter. Yousif Capital Management LLC's holdings in Carnival Co. & were worth $4,148,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Retirement Systems of Alabama lifted its stake in Carnival Co. & by 2.9% in the fourth quarter. Retirement Systems of Alabama now owns 224,900 shares of the company's stock worth $5,605,000 after acquiring an additional 6,420 shares during the period. Sargent Investment Group LLC lifted its stake in Carnival Co. & by 7.8% in the fourth quarter. Sargent Investment Group LLC now owns 32,896 shares of the company's stock worth $786,000 after acquiring an additional 2,372 shares during the period. Patron Partners LLC purchased a new stake in Carnival Co. & in the fourth quarter worth about $201,000. Riggs Asset Managment Co. Inc. purchased a new stake in Carnival Co. & in the fourth quarter worth about $8,162,000. Finally, Greenleaf Trust lifted its stake in Carnival Co. & by 7.5% in the fourth quarter. Greenleaf Trust now owns 14,251 shares of the company's stock worth $355,000 after acquiring an additional 1,000 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CCL has been the subject of a number of recent research reports. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a "hold" rating and a $25.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Bank of America boosted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. 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. Finally, Mizuho upped their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and an average price target of $27.11.
Get Our Latest Research Report on CCL
Carnival Co. & Price Performance
Shares of NYSE:CCL traded down $0.50 during midday trading on Tuesday, reaching $25.61. 14,030,348 shares of the company's stock traded hands, compared to its average volume of 20,217,373. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a market cap of $29.81 billion, a P/E ratio of 18.42, a PEG ratio of 0.82 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a fifty day simple moving average of $25.77 and a two-hundred day simple moving average of $21.62.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the firm posted ($0.07) EPS. The business's revenue was up 10.0% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
About Carnival Co. &
(
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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