Neo Ivy Capital Management Boosts Stake in Carnival Co. & plc (NYSE:CCL)

Neo Ivy Capital Management increased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 29.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,640 shares of the company's stock after purchasing an additional 27,408 shares during the quarter. Neo Ivy Capital Management's holdings in Carnival Co. & were worth $2,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCL. Measured Risk Portfolios Inc. purchased a new stake in Carnival Co. & during the 4th quarter valued at approximately $29,000. Crewe Advisors LLC increased 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 in the last quarter. Orion Capital Management LLC purchased a new position in Carnival Co. & in the 4th quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. BNP Paribas assumed coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 target price on the stock. HSBC raised Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a report on Friday, May 16th. Stifel Nicolaus upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Finally, Macquarie reduced their price objective on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $22.42 on Friday. The firm's 50 day moving average is $19.68 and its 200 day moving average is $23.04. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $26.16 billion, a P/E ratio of 16.13, a PEG ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Carnival Co. & Company 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.

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