Carnival Co. & plc (NYSE:CCL) Shares Purchased by Sargent Investment Group LLC

Sargent Investment Group LLC boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,896 shares of the company’s stock after buying an additional 2,372 shares during the period. Sargent Investment Group LLC’s holdings in Carnival Co. & were worth $786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Patron Partners LLC purchased a new position in shares of Carnival Co. & during the 4th quarter worth about $201,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter worth about $8,162,000. Greenleaf Trust lifted its holdings in shares of Carnival Co. & by 7.5% during the 4th quarter. Greenleaf Trust now owns 14,251 shares of the company’s stock worth $355,000 after acquiring an additional 1,000 shares during the period. Spire Wealth Management boosted its holdings in Carnival Co. & by 467.8% in the fourth quarter. Spire Wealth Management now owns 45,733 shares of the company’s stock valued at $1,140,000 after acquiring an additional 37,678 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in Carnival Co. & during the fourth quarter valued at about $315,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $27.13 on Wednesday. The business’s fifty day moving average price is $25.62 and its 200 day moving average price is $21.32. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a market capitalization of $31.59 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. 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, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CCL shares. Loop Capital began coverage on Carnival Co. & in a report on Tuesday. They issued a “hold” rating and a $25.00 price objective on the stock. Mizuho increased their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Barclays increased their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

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.