Los Angeles Capital Management LLC Buys Shares of 2,152,334 Carnival Co. & plc (NYSE:CCL)

Los Angeles Capital Management LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,152,334 shares of the company’s stock, valued at approximately $53,636,000. Los Angeles Capital Management LLC owned about 0.18% of Carnival Co. & at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CCL. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC lifted its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $34,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Morgan Stanley upped their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Mizuho increased their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Citigroup increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One equities 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, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Price Performance

Shares of CCL opened at $23.62 on Tuesday. The firm has a fifty day moving average price of $25.59 and a 200 day moving average price of $22.30. The stock has a market cap of $27.50 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year 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.

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