Insigneo Advisory Services LLC Invests $219,000 in Carnival Co. & plc (NYSE:CCL)

Insigneo Advisory Services LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,794 shares of the company’s stock, valued at approximately $219,000.

Several other large investors also recently bought and sold shares of CCL. Main Street Financial Solutions LLC bought a new stake in shares of Carnival Co. & in the fourth quarter worth approximately $219,000. United Capital Financial Advisors LLC boosted its holdings in Carnival Co. & by 6.8% in the fourth quarter. United Capital Financial Advisors LLC now owns 25,664 shares of the company’s stock worth $640,000 after purchasing an additional 1,642 shares during the last quarter. Jump Financial LLC grew its position in Carnival Co. & by 26.0% in the 4th quarter. Jump Financial LLC now owns 19,595 shares of the company’s stock worth $488,000 after purchasing an additional 4,044 shares during the period. Bridgewater Associates LP purchased a new stake in Carnival Co. & during the 4th quarter valued at $6,223,000. Finally, AGP Franklin LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at $2,245,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Up 0.4 %

Shares of CCL opened at $17.94 on Friday. The business’s 50 day moving average is $20.87 and its 200 day moving average is $23.08. The company has a current ratio of 0.29, a quick ratio of 0.25 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 company has a market capitalization of $20.93 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

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

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. StockNews.com raised shares of Carnival Co. & from a “hold” rating to a “buy” rating in a report on Friday. Finally, Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.84.

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.