Xponance Inc. Purchases 12,626 Shares of Carnival Co. & plc (NYSE:CCL)

Xponance Inc. boosted its position in Carnival Co. & plc (NYSE:CCL) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,337 shares of the company’s stock after acquiring an additional 12,626 shares during the period. Xponance Inc.’s holdings in Carnival Co. & were worth $3,721,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC lifted 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 valued at $442,515,000 after buying an additional 811,692 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Carnival Co. & by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after buying an additional 223,195 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Carnival Co. & by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after acquiring an additional 19,768 shares in the last quarter. Finally, Goldentree Asset Management LP raised its holdings in shares of Carnival Co. & by 16.1% in the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock worth $95,037,000 after acquiring an additional 712,469 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCL shares. Loop Capital started coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. Citigroup upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Stock Up 0.7 %

Shares of NYSE CCL opened at $21.21 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. The stock has a market capitalization of $24.69 billion, a PE ratio of 15.26, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The business’s fifty day moving average price is $24.25 and its 200-day moving average price is $22.91.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share. On average, equities research analysts anticipate 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.