Balboa Wealth Partners Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Balboa Wealth Partners acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,628 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in Carnival Co. & by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock worth $21,463,000 after purchasing an additional 35,745 shares during the period. Assetmark Inc. lifted its stake in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of Carnival Co. & by 23.7% during the 3rd quarter. Sigma Planning Corp now owns 39,877 shares of the company’s stock worth $737,000 after buying an additional 7,633 shares during the period. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the 3rd quarter valued at about $25,000. Finally, Apollon Wealth Management LLC raised its holdings in Carnival Co. & by 25.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock valued at $374,000 after acquiring an additional 4,062 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Down 2.1 %

Shares of CCL opened at $19.10 on Friday. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a fifty day moving average of $24.60 and a 200-day moving average of $22.77.

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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the firm posted ($0.07) earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on CCL. Loop Capital assumed coverage on Carnival Co. & in a research report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price on the stock. Truist Financial upped their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Barclays lifted their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a report on Monday. Finally, Mizuho increased their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & 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.