CoreCap Advisors LLC Buys 14,178 Shares of Carnival Co. & plc (NYSE:CCL)

CoreCap Advisors LLC grew its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 820.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,906 shares of the company's stock after purchasing an additional 14,178 shares during the period. CoreCap Advisors LLC's holdings in Carnival Co. & were worth $396,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC increased its position in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $42,000. Finally, Mizuho Bank Ltd. bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock traded up $0.37 during trading hours on Friday, reaching $23.37. The company's stock had a trading volume of 9,115,529 shares, compared to its average volume of 26,147,952. The stock has a market cap of $27.26 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The firm has a 50 day moving average price of $19.36 and a 200-day moving average price of $23.01. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Northcoast Research assumed coverage on shares of Carnival Co. & in a research report on Friday, April 25th. They issued a "neutral" rating for the company. Barclays cut their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Citigroup lowered their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, StockNews.com upgraded shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.68.

About Carnival Co. &

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.