Townsquare Capital LLC Has $711,000 Position in Carnival Co. & plc (NYSE:CCL)

Townsquare Capital LLC lifted its position in Carnival Co. & plc (NYSE:CCL) by 114.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,534 shares of the company’s stock after purchasing an additional 15,205 shares during the period. Townsquare Capital LLC’s holdings in Carnival Co. & were worth $711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CCL. Morse Asset Management Inc bought a new position in shares of Carnival Co. & during the third quarter worth $46,000. Orion Portfolio Solutions LLC bought a new position in Carnival Co. & during the third quarter worth about $260,000. Sanctuary Advisors LLC grew its stake in Carnival Co. & by 70.7% in the third quarter. Sanctuary Advisors LLC now owns 56,928 shares of the company’s stock valued at $1,052,000 after acquiring an additional 23,579 shares during the period. World Investment Advisors LLC bought a new stake in shares of Carnival Co. & in the third quarter worth about $252,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Carnival Co. & during the third quarter worth about $87,000. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CCL. Loop Capital lowered their target price on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Mizuho boosted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a report on Friday. Finally, Citigroup cut their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.84.

Carnival Co. & Price Performance

NYSE:CCL opened at $17.94 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock’s 50 day moving average price is $20.87 and its two-hundred day moving average price is $23.08. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 0.73 and a beta of 2.42.

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