Assetmark Inc. Has $65,000 Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Assetmark Inc. grew its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 57.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,596 shares of the company’s stock after buying an additional 942 shares during the quarter. Assetmark Inc.’s holdings in Carnival Co. & were worth $65,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its stake in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after buying an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after buying an additional 6,566,120 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after buying an additional 223,195 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Carnival Co. & by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock valued at $145,571,000 after acquiring an additional 19,768 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CCL shares. Mizuho upped their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Barclays upped their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Loop Capital began coverage on shares of Carnival Co. & in a research report 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 report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Finally, Stifel Nicolaus decreased their price target on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Performance

NYSE CCL opened at $19.93 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The firm has a market cap of $23.20 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company’s 50 day moving average is $24.52 and its 200-day moving average is $22.84.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.