NEOS Investment Management LLC Raises Stake in Carnival Co. & plc (NYSE:CCL)

NEOS Investment Management LLC raised its position in Carnival Co. & plc (NYSE:CCL) by 29.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,583 shares of the company’s stock after purchasing an additional 14,832 shares during the period. NEOS Investment Management LLC’s holdings in Carnival Co. & were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Crewe Advisors LLC increased its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth about $34,000. 1620 Investment Advisors Inc. purchased a new stake in Carnival Co. & during the fourth quarter worth approximately $42,000. Finally, Crews Bank & Trust acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $50,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CCL. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a report on Wednesday. Morgan Stanley increased their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Barclays raised their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Performance

Shares of CCL opened at $19.85 on Friday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market capitalization of $23.15 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. 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 company’s fifty day moving average is $23.79 and its two-hundred day moving average is $23.16.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share 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.