Crewe Advisors LLC Grows Holdings in Carnival Co. & plc (NYSE:CCL)

Crewe Advisors LLC increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 275.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,210 shares of the company’s stock after buying an additional 888 shares during the period. Crewe Advisors LLC’s holdings in Carnival Co. & were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter worth about $25,000. Assetmark Inc. increased its position 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 purchasing an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter worth about $34,000. CVA Family Office LLC increased its position in shares of Carnival Co. & by 163.9% in the 3rd 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. Finally, Morse Asset Management Inc bought a new stake in shares of Carnival Co. & in the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price 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. Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Barclays boosted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Trading Up 1.0 %

Carnival Co. & stock opened at $27.46 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. The firm has a 50-day moving average price of $25.70 and a two-hundred day moving average price of $21.42. The firm has a market capitalization of $31.96 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 0.86 and a beta of 2.64. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly 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 company 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 business’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 posted ($0.07) EPS. Sell-side analysts expect 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.