American Century Companies Inc. Purchases 146,267 Shares of Carnival Co. & plc (NYSE:CCL)

American Century Companies Inc. boosted its position in Carnival Co. & plc (NYSE:CCL) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,534,582 shares of the company’s stock after buying an additional 146,267 shares during the quarter. American Century Companies Inc.’s holdings in Carnival Co. & were worth $38,242,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the 4th quarter worth $34,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at about $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival Co. & in the fourth quarter valued at about $42,000. Finally, Morse Asset Management Inc acquired a new position in Carnival Co. & during the third quarter worth about $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

NYSE:CCL opened at $20.80 on Friday. The company has a market capitalization of $24.21 billion, a PE ratio of 14.96, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a 50 day simple moving average of $23.91 and a two-hundred day simple moving average of $23.08.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) earnings per share. Research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a report on Wednesday. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, Loop Capital reduced their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

About Carnival Co. &

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.