Everpar Advisors LLC Acquires New Shares in Carnival Co. & plc (NYSE:CCL)

Everpar Advisors LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,287 shares of the company's stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CCL. Measured Risk Portfolios Inc. bought a new stake in shares of Carnival Co. & in the 4th quarter valued at about $29,000. Orion Capital Management LLC bought a new stake in Carnival Co. & in the 4th quarter valued at $30,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & during the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival Co. & during the fourth quarter worth $42,000. Finally, Ossiam acquired a new position in shares of Carnival Co. & in the fourth quarter valued at $46,000. Institutional investors own 67.19% of the company's stock.

Analyst Ratings Changes

CCL has been the topic of a number of analyst reports. Macquarie decreased their target price on shares of Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Northcoast Research began coverage on Carnival Co. & in a report on Friday, April 25th. They issued a "neutral" rating for the company. Wall Street Zen raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Barclays dropped their price target on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Loop Capital upped their price objective on shares of Carnival Co. & from $21.00 to $22.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and an average price target of $26.58.

Carnival Co. & Stock Up 4.9%

Shares of NYSE:CCL traded up $1.10 during mid-day trading on Monday, hitting $23.51. 9,563,706 shares of the company traded hands, compared to its average volume of 25,333,508. The stock has a 50-day moving average price of $20.92 and a two-hundred day moving average price of $22.90. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a market cap of $27.43 billion, a P/E ratio of 16.90, a P/E/G ratio of 0.73 and a beta of 2.58. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) 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 firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the business posted ($0.14) EPS. The business's revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.