Aigen Investment Management LP Acquires Shares of 59,679 Carnival Co. & plc (NYSE:CCL)

Aigen Investment Management LP bought a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 59,679 shares of the company’s stock, valued at approximately $1,487,000.

A number of other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new position in Carnival Co. & during the fourth quarter worth approximately $3,000,000. Atria Investments Inc purchased a new position in shares of Carnival Co. & during the 4th quarter valued at approximately $227,000. Assetmark Inc. lifted its position in shares of Carnival Co. & by 57.0% during the 4th quarter. Assetmark Inc. now owns 2,596 shares of the company’s stock valued at $65,000 after buying an additional 942 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in Carnival Co. & in the 4th quarter worth $512,000. Finally, Ring Mountain Capital LLC acquired a new position in Carnival Co. & during the fourth quarter worth $333,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCL. Morgan Stanley lifted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. The Goldman Sachs Group lifted their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Trading Down 6.0 %

CCL opened at $21.87 on Wednesday. The stock has a market capitalization of $25.46 billion, a PE ratio of 15.73, a P/E/G ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a one year low of $13.78 and a one 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. The business’s 50 day moving average price is $25.32 and its 200 day moving average price is $22.66.

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

About Carnival Co. &

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.