Jefferies Financial Group Inc. Makes New $353,000 Investment in Carnival Co. & plc (NYSE:CCL)

Jefferies Financial Group Inc. purchased a new position in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 14,164 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its position in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the 4th quarter worth approximately $34,000. Millstone Evans Group LLC bought a new position in Carnival Co. & in the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival Co. & in the 4th quarter worth approximately $42,000. Finally, Ossiam bought a new position in Carnival Co. & in the 4th quarter worth approximately $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Trading Up 1.8%

Shares of CCL opened at $23.42 on Friday. The stock has a fifty day moving average price of $19.45 and a two-hundred day moving average price of $23.03. 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 52-week low of $13.78 and a 52-week high of $28.72. The company has a market cap of $27.32 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data 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 return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the previous year, the company posted ($0.14) EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Mizuho lifted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. Barclays decreased their price objective on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Monday, March 24th. Finally, Northcoast Research assumed coverage on Carnival Co. & in a report on Friday, April 25th. They set a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $26.68.

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.