Cresset Asset Management LLC lowered its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 84.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,661 shares of the company's stock after selling 65,533 shares during the quarter. Cresset Asset Management LLC's holdings in Carnival Co. & were worth $291,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC lifted its stake in 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 purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & during the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new position in shares of Carnival Co. & in the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. bought a new position in shares of Carnival Co. & in the 4th quarter valued at $42,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Carnival Co. & during the 4th quarter valued at $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Stock Up 0.9%
CCL traded up $0.20 during midday trading on Thursday, reaching $22.24. 3,597,122 shares of the company were exchanged, compared to its average volume of 25,902,222. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth 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 company's fifty day moving average price is $19.65 and its 200 day moving average price is $23.04. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $5.81 billion during 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 quarterly 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. As a group, analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on CCL. Wall Street Zen raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. BNP Paribas began coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective for the company. Loop Capital reduced their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Finally, Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.53.
Read Our Latest Research Report on Carnival Co. &
Carnival Co. & Company Profile
(
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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