Convergence Investment Partners LLC lifted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 54.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,202 shares of the company's stock after acquiring an additional 14,165 shares during the quarter. Convergence Investment Partners LLC's holdings in Carnival Co. & were worth $1,002,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CCL. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the 3rd quarter valued at about $25,000. Crewe Advisors LLC lifted its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares in the last quarter. Assetmark Inc. lifted its holdings in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & during the 4th quarter valued at about $34,000. Finally, Morse Asset Management Inc bought a new stake in Carnival Co. & during the 3rd quarter valued at about $46,000. Institutional investors own 67.19% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CCL shares. Bank of America lifted 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. Mizuho boosted their price target 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. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Barclays boosted their price target 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. Finally, Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.11.
Read Our Latest Analysis on Carnival Co. &
Carnival Co. & Stock Performance
NYSE:CCL traded down $1.38 during trading hours on Friday, hitting $23.19. 31,202,401 shares of the company were exchanged, compared to its average volume of 19,329,932. The stock has a market capitalization of $26.99 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company's 50 day moving average price is $25.64 and its 200-day moving average price is $22.18.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &'s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current 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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