Ethos Financial Group LLC Invests $120,000 in Carnival Co. & plc (NYSE:CCL)

Ethos Financial Group LLC bought a new position in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,805 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $34,000. Assetmark Inc. boosted its holdings 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. Finally, Crews Bank & Trust acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $50,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCL shares. Truist Financial boosted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. The Goldman Sachs Group boosted their price objective 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. Barclays boosted their price objective 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. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Finally, Bank of America boosted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Price Performance

Shares of CCL stock opened at $20.62 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. 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 firm has a fifty day moving average of $25.07 and a 200-day moving average of $22.68.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates 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 for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.