O Shaughnessy Asset Management LLC Increases Position in Carnival Co. & plc (NYSE:CCL)

O Shaughnessy Asset Management LLC increased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 77.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,263 shares of the company’s stock after acquiring an additional 28,856 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Carnival Co. & were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC grew its stake in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & during the fourth quarter worth about $34,000. Millstone Evans Group LLC purchased a new position in Carnival Co. & during the fourth quarter worth about $34,000. 1620 Investment Advisors Inc. purchased a new stake in Carnival Co. & in the 4th quarter valued at approximately $42,000. Finally, Morse Asset Management Inc purchased a new position in Carnival Co. & in the third quarter worth $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $16.49 on Friday. The company has a market cap of $19.24 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.73 and a beta of 2.42. The firm has a 50 day moving average price of $23.09 and a 200 day moving average price of $23.20. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. Sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on CCL shares. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Citigroup lowered their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. 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. BNP Paribas started coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.