Carnival Co. & plc (NYSE:CCL) Shares Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC boosted its position in shares of Carnival Co. & plc (NYSE:CCL) by 820.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,906 shares of the company’s stock after purchasing an additional 14,178 shares during the period. CoreCap Advisors LLC’s holdings in Carnival Co. & were worth $396,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC grew its position in 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 purchased a new position in shares of Carnival Co. & during the 4th quarter worth $34,000. Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth about $34,000. 1620 Investment Advisors Inc. purchased a new stake in Carnival Co. & in the 4th quarter valued at about $42,000. Finally, Mizuho Bank Ltd. acquired a new position in Carnival Co. & in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $20.18 on Friday. 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 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market capitalization of $23.54 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.73 and a beta of 2.50. The company’s fifty day moving average price is $19.20 and its 200 day moving average price is $22.99.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) EPS. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CCL shares. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Loop Capital decreased their price target on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Stifel Nicolaus boosted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, March 24th. Citigroup lowered their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Mizuho boosted their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, March 24th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.53.

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.