Diametric Capital LP Buys 4,643 Shares of Carnival Co. & plc (NYSE:CCL)

Diametric Capital LP grew its stake in Carnival Co. & plc (NYSE:CCL) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,014 shares of the company’s stock after acquiring an additional 4,643 shares during the period. Diametric Capital LP’s holdings in Carnival Co. & were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Crewe Advisors LLC raised its position in 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 purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new stake in shares of Carnival Co. & during the fourth quarter worth $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of Carnival Co. & during the fourth quarter valued at $42,000. Finally, Morse Asset Management Inc bought a new position in Carnival Co. & in the third quarter valued at about $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CCL shares. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Loop Capital cut their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Monday, March 24th. The Goldman Sachs Group lifted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Finally, Citigroup decreased their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Price Performance

CCL stock opened at $19.55 on Tuesday. The stock has a 50-day moving average price of $23.66 and a two-hundred day moving average price of $23.22. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market cap of $22.80 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. Equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.