Fortress Financial Solutions LLC Invests $596,000 in Carnival Co. & plc (NYSE:CCL)

Fortress Financial Solutions LLC purchased a new stake in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, HoldingsChannel reports. The fund purchased 23,919 shares of the company’s stock, valued at approximately $596,000. Carnival Co. & comprises approximately 0.8% of Fortress Financial Solutions LLC’s holdings, making the stock its 27th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after purchasing an additional 1,678 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after buying an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in Carnival Co. & in the 3rd quarter worth approximately $1,140,000. Commonwealth Equity Services LLC boosted its stake in shares of Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after buying an additional 39,491 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after acquiring an additional 24,198 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Truist Financial lifted their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Bank of America increased their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $25.61 on Wednesday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a market cap of $29.81 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.82 and a beta of 2.64. The business’s 50 day moving average is $25.77 and its two-hundred day moving average is $21.62. 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. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (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 analyst estimates of $5.94 billion. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts expect that Carnival Co. & plc will post 1.77 EPS for the current 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.