Centaurus Financial Inc. Purchases Shares of 13,982 Carnival Co. & plc (NYSE:CCL)

Centaurus Financial Inc. acquired a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,982 shares of the company's stock, valued at approximately $348,000.

Several other large investors have also recently made changes to their positions in the business. FMR LLC lifted its stake in Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after purchasing an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after buying an additional 5,761,489 shares during the period. Vanguard Group Inc. grew its stake in shares of Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after acquiring an additional 4,458,329 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in Carnival Co. & in the 4th quarter worth about $100,845,000. Finally, AQR Capital Management LLC raised its stake in Carnival Co. & by 228.8% in the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after acquiring an additional 3,263,204 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock traded down $0.01 during trading on Wednesday, hitting $23.92. 9,484,010 shares of the stock traded hands, compared to its average volume of 25,550,967. The stock has a market cap of $27.91 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.73 and a beta of 2.58. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The firm's fifty day moving average is $20.02 and its 200-day moving average is $22.98.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on CCL shares. Hsbc Global Res upgraded Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Loop Capital boosted their price objective on Carnival Co. & from $21.00 to $22.00 and gave the company a "hold" rating in a research note on Tuesday. BNP Paribas assumed coverage on Carnival Co. & in a report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective on the stock. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, Truist Financial lowered their price target on shares of Carnival Co. & from $30.00 to $27.00 and set a "hold" rating on the stock in a report on Monday, May 19th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $26.58.

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.