Carnival Co. & plc (NYSE:CCL) Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its position in Carnival Co. & plc (NYSE:CCL) by 25.9% during the 4th quarter, Holdings Channel reports. The fund owned 16,566 shares of the company’s stock after acquiring an additional 3,406 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Carnival Co. & were worth $307,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CCL. Pacific Center for Financial Services acquired a new stake in Carnival Co. & in the first quarter valued at approximately $29,000. Hanseatic Management Services Inc. acquired a new stake in Carnival Co. & in the third quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its holdings in Carnival Co. & by 59.6% in the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock valued at $34,000 after acquiring an additional 669 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Carnival Co. & by 254.3% in the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock valued at $38,000 after acquiring an additional 2,004 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CCL. Citigroup raised their price objective on shares of Carnival Co. & from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Tuesday, March 19th. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They set a “buy” rating and a $20.00 price objective on the stock. Macquarie raised their price objective on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus cut their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.47.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 34,020 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $17.05, for a total transaction of $580,041.00. Following the sale, the chief financial officer now directly owns 335,976 shares in the company, valued at approximately $5,728,390.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

NYSE:CCL opened at $14.36 on Friday. The firm’s fifty day moving average price is $15.77 and its 200 day moving average price is $15.39. Carnival Co. & plc has a 1-year low of $8.70 and a 1-year high of $19.74. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 55.23 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.55) EPS. On average, sell-side analysts expect that Carnival Co. & plc will post 1.01 EPS for the current year.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.