Proficio Capital Partners LLC Purchases Shares of 120,397 Carnival Co. & plc (NYSE:CCL)

Proficio Capital Partners LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 120,397 shares of the company’s stock, valued at approximately $3,000,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. State Street Corp lifted its stake in shares of Carnival Co. & by 5.9% in 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 in the last quarter. Los Angeles Capital Management LLC acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $53,636,000. Wedge Capital Management L L P NC lifted its position in Carnival Co. & by 718.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after buying an additional 1,901,224 shares in the last quarter. Holocene Advisors LP purchased a new stake in Carnival Co. & during the third quarter worth approximately $26,806,000. Finally, Verition Fund Management LLC raised its stake in shares of Carnival Co. & by 115.0% in the 3rd quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock valued at $44,436,000 after acquiring an additional 1,286,054 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the subject of a number of research reports. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Truist Financial raised their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. 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 report on Friday, March 14th. Finally, Loop Capital started coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Stock Down 3.7 %

Shares of Carnival Co. & stock opened at $20.12 on Wednesday. The business has a 50-day moving average price of $24.38 and a 200 day moving average price of $22.94. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market cap of $23.42 billion, a P/E ratio of 14.47, a P/E/G 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.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating 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 business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the business earned ($0.07) EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.