QRG Capital Management Inc. Boosts Stake in Carnival Co. & plc (NYSE:CCL)

QRG Capital Management Inc. boosted its stake in Carnival Co. & plc (NYSE:CCL) by 10.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 651,196 shares of the company’s stock after buying an additional 64,135 shares during the quarter. QRG Capital Management Inc. owned approximately 0.06% of Carnival Co. & worth $16,228,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC lifted 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 buying an additional 888 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & in the 3rd quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the 4th quarter valued at approximately $34,000. Assetmark Inc. lifted its stake in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Carnival Co. & during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Down 2.5 %

Shares of Carnival Co. & stock opened at $23.51 on Friday. The business has a 50-day moving average of $25.51 and a 200-day moving average of $22.39. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $27.36 billion, a PE ratio of 16.91, a P/E/G 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.

Carnival Co. & (NYSE:CCL) last announced its earnings results 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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the firm earned ($0.07) earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Barclays increased their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Bank of America upped their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

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.