AGP Franklin LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

AGP Franklin LLC acquired a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 90,095 shares of the company's stock, valued at approximately $2,245,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCL. Crewe Advisors LLC raised its stake in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & during the fourth quarter worth about $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of Carnival Co. & during the fourth quarter worth about $42,000. Finally, Morse Asset Management Inc purchased a new stake in shares of Carnival Co. & in the third quarter worth about $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE CCL traded up $0.07 during trading hours on Friday, reaching $17.94. 17,695,651 shares of the company's stock were exchanged, compared to its average volume of 26,320,198. The firm has a fifty day moving average of $20.87 and a 200-day moving average of $23.11. 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. & plc has a one year low of $13.78 and a one year high of $28.72. The stock has a market cap of $20.93 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the business earned ($0.14) earnings per share. Carnival Co. &'s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on CCL. Barclays boosted their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. BNP Paribas started coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective on the stock. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and an average target price of $26.84.

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.