Voloridge Investment Management LLC lifted its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,642,678 shares of the company's stock after buying an additional 1,436,331 shares during the period. Voloridge Investment Management LLC owned about 0.40% of Carnival Co. & worth $115,696,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CCL. Measured Risk Portfolios Inc. acquired a new position in shares of Carnival Co. & during the fourth quarter worth $29,000. Crewe Advisors LLC grew 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 purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new stake in shares of Carnival Co. & in the fourth quarter worth $34,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & in the fourth quarter worth $42,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CCL has been the topic of several analyst reports. Stifel Nicolaus boosted their price objective 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. Northcoast Research initiated coverage on shares of Carnival Co. & in a research note on Friday, April 25th. They issued a "neutral" rating on the stock. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. StockNews.com raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.53.
Check Out Our Latest Report on CCL
Carnival Co. & Price Performance
CCL stock opened at $23.38 on Tuesday. The stock has a market capitalization of $27.28 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The company's 50-day moving average is $19.53 and its 200-day moving average is $23.05. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. 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 released its quarterly earnings data 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 for 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 business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
Carnival Co. & Company Profile
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Free Report)
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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