TriaGen Wealth Management LLC Buys Shares of 73,073 Carnival Co. & plc (NYSE:CCL)

TriaGen Wealth Management LLC purchased a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 73,073 shares of the company’s stock, valued at approximately $1,821,000.

A number of other hedge funds have also recently made changes to their positions in CCL. State Street Corp increased its stake in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after acquiring an additional 811,692 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. Goldentree Asset Management LP lifted its position in Carnival Co. & by 16.1% during the third quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock valued at $95,037,000 after purchasing an additional 712,469 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCL. Stifel Nicolaus increased their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Citigroup increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Morgan Stanley boosted their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group increased their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Tigress Financial upped their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Trading Down 2.9 %

CCL stock opened at $27.66 on Friday. 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. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The business has a 50 day simple moving average of $25.53 and a two-hundred day simple moving average of $21.16. The company has a market capitalization of $32.20 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.87 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted 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. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted ($0.07) earnings per share. Research analysts anticipate that Carnival Co. & plc will post 1.76 EPS for the current fiscal year.

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.