Tower Research Capital LLC TRC Increases Stake in Carnival Co. & plc (NYSE:CCL)

Tower Research Capital LLC TRC raised its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 47.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,438 shares of the company's stock after buying an additional 28,325 shares during the quarter. Tower Research Capital LLC TRC's holdings in Carnival Co. & were worth $2,204,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CCL. Crewe Advisors LLC boosted 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 worth $30,000 after purchasing an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & in the fourth quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $42,000. Finally, Ossiam purchased a new position in Carnival Co. & in the 4th quarter worth approximately $46,000. 67.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays cut their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com lowered Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Saturday. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, Mizuho raised their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Stock Performance

Shares of NYSE:CCL traded up $0.35 during mid-day trading on Monday, reaching $18.95. 7,941,668 shares of the company traded hands, compared to its average volume of 24,480,832. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The firm has a market cap of $22.10 billion, a PE ratio of 13.63, a PEG ratio of 0.73 and a beta of 2.42. The company's 50 day moving average price is $20.09 and its 200-day moving average price is $23.12. 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. & (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, topping analysts' consensus estimates of $0.02 by $0.11. The firm 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 company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share. On average, equities analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.