Versor Investments LP Makes New $855,000 Investment in Carnival Co. & plc (NYSE:CCL)

Versor Investments LP bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 34,300 shares of the company’s stock, valued at approximately $855,000.

Other hedge funds also recently bought and sold shares of the company. Hartford Investment Management Co. raised its stake in Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after acquiring an additional 387 shares during the last quarter. Encompass Wealth Advisors LLC raised its stake in Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after acquiring an additional 451 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after acquiring an additional 468 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after acquiring an additional 521 shares during the last quarter. Finally, Graypoint LLC raised its stake in Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 2.5 %

Shares of Carnival Co. & stock opened at $23.51 on Friday. The firm 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 twelve month low of $13.78 and a twelve month high of $28.72. The firm’s 50-day moving average price is $25.51 and its 200 day moving average price is $22.39. 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. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for 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% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Citigroup increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. 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 report on Friday, January 24th. Finally, 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 report on Monday, December 16th. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.