1620 Investment Advisors Inc. Takes Position in Carnival Co. & plc (NYSE:CCL)

1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,699 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds also recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Carnival Co. & by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 220,869 shares of the company’s stock valued at $5,504,000 after acquiring an additional 956 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $4,960,000. Royal London Asset Management Ltd. boosted its position in shares of Carnival Co. & by 3.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 793,105 shares of the company’s stock valued at $19,764,000 after acquiring an additional 28,527 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Carnival Co. & in the fourth quarter valued at $165,000. Finally, Xponance Inc. raised its stake in shares of Carnival Co. & by 9.2% in the fourth quarter. Xponance Inc. now owns 149,337 shares of the company’s stock valued at $3,721,000 after purchasing an additional 12,626 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $21.02 on Friday. The stock has a 50-day simple moving average of $24.19 and a 200 day simple moving average of $22.94. 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. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.74 billion. During the same period in the previous year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCL. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Mizuho upped their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Finally, Stifel Nicolaus cut their target price 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. 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. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average price target of $26.89.

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.