Patron Partners LLC Invests $201,000 in Carnival Co. & plc (NYSE:CCL)

Patron Partners LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,050 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. purchased a new stake in Carnival Co. & in the 4th quarter worth $8,162,000. Greenleaf Trust lifted its holdings in Carnival Co. & by 7.5% in the 4th quarter. Greenleaf Trust now owns 14,251 shares of the company’s stock worth $355,000 after purchasing an additional 1,000 shares in the last quarter. Spire Wealth Management boosted its stake in Carnival Co. & by 467.8% in the 4th quarter. Spire Wealth Management now owns 45,733 shares of the company’s stock worth $1,140,000 after purchasing an additional 37,678 shares during the period. SYM FINANCIAL Corp purchased a new stake in Carnival Co. & during the 4th quarter valued at approximately $315,000. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Carnival Co. & by 88.6% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 16,248 shares of the company’s stock worth $405,000 after purchasing an additional 7,631 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Trading Down 2.3 %

Carnival Co. & stock opened at $27.03 on Tuesday. The business has a 50-day simple moving average of $25.58 and a two-hundred day simple moving average of $21.25. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a market cap of $31.46 billion, a P/E ratio of 19.44, a P/E/G ratio of 0.86 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the firm earned ($0.07) EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CCL shares. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein started coverage on shares of 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. Finally, Tigress Financial boosted their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.24.

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.