Sovereign Investment Advisors LLC Buys New Position in Carnival Co. & plc (NYSE:CCL)

Sovereign Investment Advisors LLC acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 13,710 shares of the company’s stock, valued at approximately $342,000.

Several other hedge funds have also modified their holdings of the business. Crewe Advisors LLC increased its stake 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 purchasing an additional 888 shares in the last quarter. Assetmark Inc. increased its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $34,000. Morse Asset Management Inc acquired a new position in Carnival Co. & in the third quarter valued at $46,000. Finally, Crews Bank & Trust purchased a new stake in Carnival Co. & during the fourth quarter valued at about $50,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCL. Mizuho upped their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Citigroup upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group increased their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Price Performance

CCL opened at $19.93 on Friday. The company has a fifty day moving average price of $24.52 and a two-hundred day moving average price of $22.84. 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. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The firm has a market capitalization of $23.20 billion, a PE ratio of 14.33, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the business earned ($0.07) EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current 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.