Atlas Capital Advisors Inc. Invests $437,000 in Carnival Co. & plc (NYSE:CCL)

Atlas Capital Advisors Inc. acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,529 shares of the company’s stock, valued at approximately $437,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC lifted its position in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC purchased a new stake in Carnival Co. & during the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $42,000. Finally, Morse Asset Management Inc purchased a new position in Carnival Co. & in the third quarter valued at approximately $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Down 4.6 %

Carnival Co. & stock opened at $16.49 on Friday. The stock’s 50 day moving average price is $23.09 and its 200 day moving average price is $23.16. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market cap of $19.24 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CCL shares. Loop Capital dropped their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. StockNews.com raised Carnival Co. & from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Mizuho lifted their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Stifel Nicolaus increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, March 24th. Finally, Morgan Stanley upped their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $26.89.

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.