Boothbay Fund Management LLC Purchases 216,900 Shares of Carnival Co. & plc (NYSE:CCL)

Boothbay Fund Management LLC lifted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 84.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 474,232 shares of the company's stock after acquiring an additional 216,900 shares during the period. Boothbay Fund Management LLC's holdings in Carnival Co. & were worth $11,818,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after buying an additional 203,710 shares during the period. Private Advisor Group LLC raised its holdings in Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after buying an additional 18,269 shares during the period. Convergence Investment Partners LLC raised its holdings in Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after buying an additional 14,165 shares during the period. Finally, Norges Bank acquired a new stake in Carnival Co. & during the 4th quarter worth approximately $59,486,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of recent research reports. Mizuho lifted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Loop Capital lowered their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Finally, Truist Financial boosted their price target 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. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Stock Up 1.8 %

CCL stock traded up $0.33 during trading on Thursday, reaching $18.67. 10,585,406 shares of the stock were exchanged, compared to its average volume of 24,589,924. The firm's 50 day moving average is $19.74 and its 200 day moving average is $23.05. Carnival Co. & plc has a twelve month low of $13.78 and a twelve 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. The firm has a market cap of $21.77 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) earnings per share. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

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.