Corton Capital Inc. Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Corton Capital Inc. acquired a new position in Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,396 shares of the company's stock, valued at approximately $359,000.

Several other institutional investors also recently bought and sold shares of CCL. Crewe Advisors LLC raised its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & during the 4th quarter worth about $34,000. 1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & during the fourth quarter worth about $42,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Carnival Co. & during the 4th quarter valued at approximately $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Trading Down 0.1 %

Shares of CCL traded down $0.03 during trading on Friday, reaching $20.22. 2,308,981 shares of the company traded hands, compared to its average volume of 26,054,943. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market cap of $23.59 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The stock has a 50-day simple moving average of $19.24 and a 200-day simple moving average of $22.98. 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 earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &'s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. On average, analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CCL. Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Barclays reduced their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Finally, StockNews.com lowered shares of Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $26.53.

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.