Los Angeles Capital Management LLC Purchases New Holdings in Carnival Co. & plc (NYSE:CCL)

Los Angeles Capital Management LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,152,334 shares of the company’s stock, valued at approximately $53,636,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & during the third quarter worth $25,000. Crewe Advisors LLC raised its position in 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 buying an additional 888 shares during the last quarter. Assetmark Inc. lifted its stake 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 during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at about $34,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & during the third quarter worth about $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCL has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated 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. Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target on the stock. Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus raised their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One investment 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Trading Up 1.7 %

NYSE:CCL opened at $23.62 on Tuesday. The company has a market capitalization of $27.50 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a fifty day simple moving average of $25.59 and a 200-day simple moving average of $22.30.

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