Horizon Kinetics Asset Management LLC Boosts Position in Carnival Co. & plc (NYSE:CCL)

Horizon Kinetics Asset Management LLC boosted its position in shares of Carnival Co. & plc (NYSE:CCL) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,084,131 shares of the company’s stock after buying an additional 1,182 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Carnival Co. & were worth $27,017,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CCL. Nisa Investment Advisors LLC raised its holdings in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after acquiring an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after purchasing an additional 203,710 shares during the last quarter. Private Advisor Group LLC increased its stake in Carnival Co. & by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC increased its stake in Carnival Co. & by 54.4% in the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after purchasing an additional 14,165 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after acquiring an additional 1,204,500 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 4.2 %

Shares of NYSE CCL opened at $19.93 on Monday. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month 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’s 50 day simple moving average is $24.52 and its 200 day simple moving average is $22.88.

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

Wall Street Analyst Weigh In

CCL has been the subject of a number of research reports. Barclays boosted their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Mizuho upped their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley upped their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Loop Capital initiated coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target for the company. Finally, Citigroup increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One research 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’s stock. According to MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average price target of $26.89.

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.