Bridgefront Capital LLC Invests $758,000 in Carnival Co. & plc (NYSE:CCL)

Bridgefront Capital LLC bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 30,423 shares of the company’s stock, valued at approximately $758,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. World Investment Advisors LLC purchased a new stake in Carnival Co. & during the third quarter valued at about $252,000. Wilmington Savings Fund Society FSB purchased a new position in Carnival Co. & in the 3rd quarter worth $87,000. Tidal Investments LLC lifted its stake in Carnival Co. & by 2.9% in the third quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock worth $1,352,000 after purchasing an additional 2,033 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after buying an additional 700 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Carnival Co. & by 8.5% in the third quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock worth $1,192,000 after buying an additional 4,601 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCL. Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $25.00 to $21.00 in a report on Thursday, April 10th. BNP Paribas began coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They set an “outperform” rating and a $26.00 target price for the company. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a report on Wednesday, March 26th. StockNews.com cut Carnival Co. & from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Loop Capital decreased their target price on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $19.57 on Tuesday. The company has a market capitalization of $22.83 billion, a PE ratio of 14.08, a PEG ratio of 0.73 and a beta of 2.50. The business has a fifty day moving average price of $19.46 and a 200-day moving average price of $23.03. 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 current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results 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. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts expect that Carnival Co. & plc will post 1.77 EPS 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.