AGF Management Ltd. Acquires New Holdings in Carnival Co. & plc (NYSE:CCL)

AGF Management Ltd. acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,527 shares of the company’s stock, valued at approximately $487,000.

A number of other institutional investors also recently modified their holdings of CCL. Assetmark Inc. raised its position in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the period. Apollon Wealth Management LLC raised its position in shares of Carnival Co. & by 25.1% in the third quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock valued at $374,000 after purchasing an additional 4,062 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Carnival Co. & by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,490,686 shares of the company’s stock valued at $46,028,000 after purchasing an additional 28,403 shares during the period. Kovack Advisors Inc. grew its stake in shares of Carnival Co. & by 18.4% in the third quarter. Kovack Advisors Inc. now owns 13,377 shares of the company’s stock worth $247,000 after acquiring an additional 2,078 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after acquiring an additional 621 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 4.2 %

Shares of NYSE:CCL opened at $19.93 on Friday. The company’s fifty day moving average is $24.52 and its 200-day moving average is $22.84. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a market capitalization of $23.20 billion, a PE ratio of 14.33, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCL. Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Citigroup raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Stifel Nicolaus lowered their price objective on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. Mizuho raised their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted 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 analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

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.