Carnival Co. & plc (NYSE:CCL) is Tabor Asset Management LP's 3rd Largest Position

Tabor Asset Management LP lifted its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 63.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,548 shares of the company's stock after buying an additional 174,623 shares during the period. Carnival Co. & makes up 5.4% of Tabor Asset Management LP's investment portfolio, making the stock its 3rd largest holding. Tabor Asset Management LP's holdings in Carnival Co. & were worth $11,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new position in Carnival Co. & during the 4th quarter worth $29,000. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & during the 4th quarter worth $34,000. Millstone Evans Group LLC purchased a new position in Carnival Co. & during the 4th quarter worth $34,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Carnival Co. & during the 4th quarter worth $42,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

CCL traded down $0.86 during midday trading on Wednesday, reaching $22.04. 22,294,768 shares of the company's stock were exchanged, compared to its average volume of 25,989,568. 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 stock has a market capitalization of $25.71 billion, a PE ratio of 15.86, a P/E/G ratio of 0.73 and a beta of 2.50. The business's 50-day moving average price is $19.65 and its 200 day moving average price is $23.04. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

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. The company had revenue of $5.81 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted ($0.14) earnings per share. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

CCL has been the subject of several recent analyst reports. Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Citigroup reduced their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Barclays reduced their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. William Blair restated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, Truist Financial reduced their target price on shares of Carnival Co. & from $30.00 to $27.00 and set a "hold" rating for the company in a research note on Monday. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of "Moderate Buy" and a consensus target price of $26.53.

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.