34,933 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 34,933 shares of the company’s stock, valued at approximately $871,000.

A number of other hedge funds have also bought and sold shares of CCL. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & during the 3rd quarter valued at approximately $25,000. Crewe Advisors LLC increased its stake in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares in the last quarter. Assetmark Inc. increased 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 in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the 4th quarter valued at approximately $34,000. Finally, Morse Asset Management Inc acquired a new position in Carnival Co. & during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $24.54 on Friday. The company’s fifty day moving average price is $25.69 and its 200 day moving average price is $22.07. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a market capitalization of $28.56 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

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

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays increased their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Morgan Stanley increased their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.