CoreCap Advisors LLC Acquires 14,178 Shares of Carnival Co. & plc (NYSE:CCL)

CoreCap Advisors LLC lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 820.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,906 shares of the company’s stock after acquiring an additional 14,178 shares during the period. CoreCap Advisors LLC’s holdings in Carnival Co. & were worth $396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of Carnival Co. & by 8.5% during the third quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock valued at $1,192,000 after buying an additional 4,601 shares during the period. Principal Financial Group Inc. increased its stake in Carnival Co. & by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock worth $21,463,000 after purchasing an additional 35,745 shares during the period. Watts Gwilliam & Co. LLC bought a new position in shares of Carnival Co. & in the fourth quarter worth about $215,000. Graypoint LLC increased its stake in Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after buying an additional 560 shares during the period. Finally, Czech National Bank boosted its position in Carnival Co. & by 9.5% in the 4th quarter. Czech National Bank now owns 225,262 shares of the company’s stock valued at $5,614,000 after buying an additional 19,472 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Stifel Nicolaus upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Loop Capital cut their price target on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock 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 report on Tuesday, May 6th. Finally, Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.53.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $20.18 on Friday. The stock has a market capitalization of $23.54 billion, a P/E ratio of 14.52, a PEG ratio of 0.73 and a beta of 2.50. The business has a 50 day simple moving average of $19.20 and a two-hundred day simple moving average of $22.99. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) EPS. As a group, analysts predict that Carnival Co. & plc will post 1.77 EPS 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.