Nuveen Asset Management LLC Grows Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Nuveen Asset Management LLC raised its holdings in Carnival Co. & plc (NYSE:CCL) by 33.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,850,042 shares of the company’s stock after buying an additional 5,761,489 shares during the period. Nuveen Asset Management LLC’s holdings in Carnival Co. & were worth $569,423,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Carnival Co. & during the 4th quarter worth about $29,000. Crewe Advisors LLC lifted 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 valued at $30,000 after acquiring an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & during the fourth quarter worth about $34,000. Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at about $42,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CCL shares. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a report on Wednesday, March 26th. StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Wednesday. Northcoast Research initiated coverage on Carnival Co. & in a report on Friday, April 25th. They issued a “neutral” rating on the stock. BNP Paribas began coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Stock Up 2.8%

Shares of NYSE:CCL opened at $22.75 on Wednesday. The company has a fifty day simple moving average of $19.24 and a 200 day simple moving average of $23.01. The firm has a market cap of $26.54 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. 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, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period last year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.