Boothbay Fund Management LLC Acquires 216,900 Shares of Carnival Co. & plc (NYSE:CCL)

Boothbay Fund Management LLC boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 84.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 474,232 shares of the company’s stock after buying an additional 216,900 shares during the quarter. Boothbay Fund Management LLC’s holdings in Carnival Co. & were worth $11,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Nisa Investment Advisors LLC grew its position in shares of Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after purchasing an additional 203,710 shares during the period. Private Advisor Group LLC grew its holdings in Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC increased its position in Carnival Co. & by 54.4% in the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after buying an additional 14,165 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Carnival Co. & in the fourth quarter worth about $59,486,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Northcoast Research assumed coverage on shares of Carnival Co. & in a research note on Friday. They issued a “neutral” rating for the company. Loop Capital decreased their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. Citigroup dropped their target price on shares of 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 raised their price target on Carnival Co. & from $32.00 to $33.00 and gave the company 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.53.

Carnival Co. & Trading Down 0.5 %

Shares of CCL opened at $18.61 on Friday. The stock has a market capitalization of $21.71 billion, a PE ratio of 13.39, a P/E/G ratio of 0.73 and a beta of 2.42. The company’s fifty day moving average is $20.09 and its 200 day moving average is $23.08. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

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 firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the company earned ($0.14) EPS. The business’s revenue was up 7.5% compared to the same quarter last year. Sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

About Carnival Co. &

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.