Atria Investments Inc Invests $227,000 in Carnival Co. & plc (NYSE:CCL)

Atria Investments Inc bought a new stake in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,094 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors have also added to or reduced their stakes in CCL. Crewe Advisors LLC boosted its stake in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at $34,000. Morse Asset Management Inc bought a new position in shares of Carnival Co. & during the 3rd quarter valued at $46,000. Finally, Crews Bank & Trust purchased a new position in Carnival Co. & in the 4th quarter worth $50,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCL. 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 price objective on the stock. Barclays lifted their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Stifel Nicolaus dropped their price objective on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Trading Down 3.7 %

Shares of NYSE:CCL opened at $20.12 on Wednesday. The stock has a 50 day moving average of $24.38 and a 200 day moving average of $22.94. The company has a market cap of $23.42 billion, a PE ratio of 14.47, 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.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the business posted ($0.07) earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 EPS 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.