Universal Beteiligungs und Servicegesellschaft mbH Takes $11.25 Million Position in Carnival Co. & plc (NYSE:CCL)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 451,394 shares of the company's stock, valued at approximately $11,249,000.

Other hedge funds have also modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter valued at $29,000. Orion Capital Management LLC purchased a new position in shares of Carnival Co. & in the fourth quarter valued at about $30,000. Crewe Advisors LLC boosted its stake in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & in the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & during the fourth quarter worth about $34,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Down 0.4%

Shares of CCL stock traded down $0.10 on Wednesday, reaching $23.83. 21,126,982 shares of the stock were exchanged, compared to its average volume of 25,491,670. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.73 and a beta of 2.58. The business's 50 day moving average price is $20.10 and its 200 day moving average price is $22.99. 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. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion for 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 company's revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted ($0.14) EPS. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the subject of several recent analyst reports. HSBC upgraded Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 price target for the company in a research note on Friday, May 16th. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. Northcoast Research assumed coverage on shares of Carnival Co. & in a research note on Friday, April 25th. They set a "neutral" rating for the company. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note 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 equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus price target of $26.58.

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.