Carnival Co. & plc (NYSE:CCL) Stock Position Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Carnival Co. & plc (NYSE:CCL) by 29.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 271,985 shares of the company’s stock after buying an additional 62,149 shares during the period. Quantinno Capital Management LP’s holdings in Carnival Co. & were worth $6,778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & in the 4th quarter valued at about $29,000. Crewe Advisors LLC lifted its holdings in 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 acquiring an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at about $34,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & in the 4th quarter valued at about $42,000. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCL shares. Citigroup reduced their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Mizuho upped their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, March 24th. StockNews.com raised shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.68.

Carnival Co. & Price Performance

Shares of CCL opened at $23.42 on Friday. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week 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. The business’s 50-day moving average is $19.45 and its 200-day moving average is $23.02.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping 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 firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.