Carnival Co. & plc (NYSE:CCL) Stock Holdings Increased by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 54.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,202 shares of the company’s stock after purchasing an additional 14,165 shares during the quarter. Convergence Investment Partners LLC’s holdings in Carnival Co. & were worth $1,002,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its holdings in shares of Carnival Co. & by 499.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company’s stock worth $131,000 after acquiring an additional 5,892 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Carnival Co. & by 7.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 14,171 shares of the company’s stock worth $262,000 after purchasing an additional 990 shares in the last quarter. Blue Trust Inc. raised its holdings in Carnival Co. & by 6.1% during the 3rd quarter. Blue Trust Inc. now owns 25,086 shares of the company’s stock worth $470,000 after buying an additional 1,440 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Carnival Co. & by 4.6% during the third quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock valued at $506,000 after buying an additional 1,211 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Carnival Co. & by 6.2% during the third quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock valued at $249,000 after buying an additional 785 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 1.3 %

Shares of NYSE:CCL opened at $26.06 on Thursday. 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 capitalization of $30.33 billion, a PE ratio of 18.74, a P/E/G ratio of 0.78 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a fifty day moving average price of $25.73 and a 200 day moving average price of $22.05.

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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the company posted ($0.07) EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of recent analyst reports. Barclays boosted their price target 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. Loop Capital initiated coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price on the stock. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Mizuho upped their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group increased their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

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.