8,239 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Gries Financial LLC

Gries Financial LLC purchased a new stake in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,239 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCL. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & during the third quarter worth about $25,000. Assetmark Inc. boosted its stake in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $52,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & during the third quarter valued at approximately $46,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $28.50 on Friday. The firm has a market capitalization of $33.17 billion, a PE ratio of 20.50, a P/E/G ratio of 0.80 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a 50-day moving average price of $25.46 and a two-hundred day moving average price of $21.10. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.50.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the firm posted ($0.07) EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts forecast that Carnival Co. & plc will post 1.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCL shares. Tigress Financial increased their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted 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, Sanford C. Bernstein initiated coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

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.