Stevens Capital Management LP Makes New $245,000 Investment in Carnival Co. & plc (NYSE:CCL)

Stevens Capital Management LP purchased a new position in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,845 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCL. Hartford Investment Management Co. boosted its holdings in Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after buying an additional 387 shares during the period. Avidian Wealth Enterprises LLC boosted its stake in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after acquiring an additional 468 shares during the period. Sound View Wealth Advisors Group LLC grew its position in shares of Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after purchasing an additional 475 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the period. Finally, Graypoint LLC lifted its holdings in Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after purchasing an additional 560 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

Shares of CCL opened at $21.46 on Tuesday. 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 firm has a market cap of $24.98 billion, a PE ratio of 15.44, a P/E/G 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 stock has a fifty day moving average price of $24.14 and a 200-day moving average price of $23.07.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company earned ($0.14) earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Loop Capital cut their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday. Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Finally, The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.72.

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.