Wealthspire Advisors LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

Wealthspire Advisors LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 11,132 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & during the third quarter valued at about $25,000. Crewe Advisors LLC boosted its holdings in Carnival Co. & by 275.8% during 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. Assetmark Inc. boosted its holdings in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & during the fourth quarter worth about $34,000. Finally, Morse Asset Management Inc purchased a new position in Carnival Co. & during the third quarter worth about $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

NYSE CCL opened at $23.51 on Friday. The company’s 50 day moving average is $25.51 and its 200-day moving average is $22.39. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a market cap of $27.36 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCL shares. Loop Capital started coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. Citigroup boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Company 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.