Sanctuary Advisors LLC Purchases 39,205 Shares of Carnival Co. & plc (NYSE:CCL)

Sanctuary Advisors LLC raised its position in Carnival Co. & plc (NYSE:CCL) by 68.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,133 shares of the company’s stock after buying an additional 39,205 shares during the quarter. Sanctuary Advisors LLC’s holdings in Carnival Co. & were worth $2,396,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CCL. Sequoia Financial Advisors LLC increased its holdings in Carnival Co. & by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock valued at $506,000 after buying an additional 1,211 shares during the period. Signaturefd LLC grew its holdings in shares of Carnival Co. & by 6.2% during the 3rd quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock valued at $249,000 after purchasing an additional 785 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Carnival Co. & during the 3rd quarter valued at approximately $16,472,000. Dumont & Blake Investment Advisors LLC bought a new stake in shares of Carnival Co. & during the 3rd quarter valued at approximately $352,000. Finally, Allworth Financial LP grew its holdings in shares of Carnival Co. & by 16.4% during the 3rd quarter. Allworth Financial LP now owns 16,469 shares of the company’s stock valued at $304,000 after purchasing an additional 2,317 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $23.19 on Friday. The firm has a market capitalization of $26.99 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The firm has a fifty day simple moving average of $25.64 and a two-hundred day simple moving average of $22.18. 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.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) EPS. Analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the topic of several research reports. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Bank of America lifted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Mizuho lifted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley lifted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

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.