Sims Investment Management LLC Invests $1.33 Million in Carnival Co. & plc (NYSE:CCL)

Sims Investment Management LLC purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 53,495 shares of the company’s stock, valued at approximately $1,333,000. Carnival Co. & makes up about 0.8% of Sims Investment Management LLC’s holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & during the third quarter worth about $25,000. Crewe Advisors LLC grew its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the period. Assetmark Inc. grew its holdings in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $34,000. Finally, Morse Asset Management Inc purchased a new stake in Carnival Co. & in the third quarter valued at approximately $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CCL shares. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Bank of America boosted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial boosted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Loop Capital started coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Trading Up 1.8 %

NYSE CCL opened at $23.93 on Friday. The company’s fifty day simple moving average is $25.45 and its 200-day simple moving average is $22.45. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market cap of $27.86 billion, a P/E ratio of 17.22, a PEG ratio of 0.73 and a beta of 2.64.

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

Carnival Co. & Company 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.