Stevens Capital Management LP Invests $245,000 in Carnival Co. & plc (NYSE:CCL)

Stevens Capital Management LP bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,845 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC grew its holdings in shares of Carnival Co. & by 275.8% during the 4th 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 stake in Carnival Co. & in the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new position in Carnival Co. & in the fourth quarter worth $34,000. 1620 Investment Advisors Inc. purchased a new position in Carnival Co. & during the fourth quarter valued at $42,000. Finally, Morse Asset Management Inc bought a new stake in shares of Carnival Co. & during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Citigroup dropped their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday. Finally, Loop Capital reduced their price target on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.72.

Carnival Co. & Trading Up 2.5 %

Shares of NYSE:CCL opened at $21.46 on Tuesday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock’s 50-day simple moving average is $24.14 and its two-hundred day simple moving average is $23.07.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (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 company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same period in the previous year, the business posted ($0.14) earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts expect that Carnival Co. & plc will post 1.77 EPS for the current 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.