Coldstream Capital Management Inc. Has $568,000 Position in Carnival Co. & plc (NYSE:CCL)

Coldstream Capital Management Inc. increased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,775 shares of the company’s stock after purchasing an additional 1,244 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Carnival Co. & were worth $568,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CCL. Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & during the third quarter worth approximately $46,000. World Investment Advisors LLC acquired a new stake in shares of Carnival Co. & during the third quarter worth approximately $252,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Carnival Co. & during the third quarter worth approximately $87,000. Tidal Investments LLC lifted its stake in Carnival Co. & by 2.9% in the third quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock valued at $1,352,000 after acquiring an additional 2,033 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Carnival Co. & by 5.5% in the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after acquiring an additional 700 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 0.8 %

Shares of CCL stock opened at $18.71 on Wednesday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm’s fifty day simple moving average is $19.83 and its 200 day simple moving average is $23.08. The firm has a market capitalization of $21.83 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) EPS. The business’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CCL shares. BNP Paribas started coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price for the company. Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, March 24th. StockNews.com cut shares of Carnival Co. & from a “buy” rating to a “hold” rating in a research note on Saturday. Loop Capital reduced their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Finally, Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.53.

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.