Numerai GP LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Numerai GP LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,369 shares of the company's stock, valued at approximately $782,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Measured Risk Portfolios Inc. bought a new position in shares of Carnival Co. & during the 4th quarter valued at $29,000. Crewe Advisors LLC lifted its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter worth about $34,000. Millstone Evans Group LLC bought a new stake in shares of Carnival Co. & during the 4th quarter valued at about $34,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded up $0.42 during midday trading on Friday, reaching $23.42. 18,633,256 shares of the company were exchanged, compared to its average volume of 26,185,001. The stock has a market cap of $27.32 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The business's fifty day moving average is $19.45 and its two-hundred day moving average is $23.03. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. 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 released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating 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 quarter in the prior year, the firm earned ($0.14) EPS. The business's revenue was up 7.5% on a year-over-year basis. As a group, analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Northcoast Research initiated coverage on Carnival Co. & in a research note on Friday, April 25th. They issued a "neutral" rating for the company. Loop Capital lowered their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Finally, Mizuho upped their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.68.

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.