Yousif Capital Management LLC Acquires 35,702 Shares of Carnival Co. & plc (NYSE:CCL)

Yousif Capital Management LLC raised its stake in shares of Carnival Co. & plc (NYSE:CCL) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,433 shares of the company’s stock after purchasing an additional 35,702 shares during the quarter. Yousif Capital Management LLC’s holdings in Carnival Co. & were worth $4,148,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & in the third quarter worth about $25,000. Assetmark Inc. raised its position in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the fourth quarter worth $34,000. CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of Carnival Co. & in the 3rd quarter worth about $46,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Shares of CCL opened at $26.75 on Friday. The firm has a fifty day simple moving average of $25.74 and a two-hundred day simple moving average of $21.46. The firm has a market cap of $31.14 billion, a PE ratio of 19.24, a P/E/G ratio of 0.86 and a beta of 2.64. 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. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, equities analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

CCL has been the topic of several research reports. Loop Capital began coverage on shares of Carnival Co. & in a research note on Tuesday. They set a “hold” rating and a $25.00 price objective on the stock. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. The Goldman Sachs Group raised their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus increased their target price on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

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.