Concurrent Investment Advisors LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Concurrent Investment Advisors LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,246 shares of the company’s stock, valued at approximately $205,000.

Other large investors have also made changes to their positions in the company. Hartford Investment Management Co. raised its holdings in Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after buying an additional 387 shares in the last quarter. Encompass Wealth Advisors LLC raised its stake in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after acquiring an additional 451 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after purchasing an additional 468 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in Carnival Co. & by 1.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after purchasing an additional 521 shares during the period. Finally, Graypoint LLC boosted its position in Carnival Co. & by 5.3% during the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after purchasing an additional 560 shares during the period. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CCL shares. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Loop Capital began coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price for the company. Stifel Nicolaus raised their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Truist Financial boosted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Performance

NYSE CCL opened at $24.12 on Thursday. The stock has a market cap of $28.07 billion, a P/E ratio of 17.35, a PEG ratio of 0.73 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company’s 50-day simple moving average is $25.54 and its 200 day simple moving average is $22.38.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The company 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 revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal 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.