Caprock Group LLC Acquires 2,032 Shares of Carnival Co. & plc (NYSE:CCL)

Caprock Group LLC increased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,925 shares of the company’s stock after acquiring an additional 2,032 shares during the period. Caprock Group LLC’s holdings in Carnival Co. & were worth $322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & during the fourth quarter valued at $34,000. Assetmark Inc. raised its position 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 purchasing an additional 1,546 shares during the last quarter. CVA Family Office LLC grew its position in Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in Carnival Co. & during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CCL shares. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Barclays boosted 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. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Loop Capital began coverage on shares of Carnival Co. & in a research note on Tuesday. They set a “hold” rating and a $25.00 target price on the stock. Finally, Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. One 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. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Stock Performance

Shares of CCL opened at $27.22 on Thursday. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. 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 stock has a market cap of $31.69 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.86 and a beta of 2.64. The business has a 50-day simple moving average of $25.66 and a two-hundred day simple moving average of $21.38.

Carnival Co. & (NYSE:CCL) last released its 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. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) EPS. On average, 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.