Advyzon Investment Management LLC Acquires Shares of 8,374 Carnival Co. & plc (NYSE:CCL)

Advyzon Investment Management LLC bought a new position in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, HoldingsChannel.com reports. The fund bought 8,374 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also modified their holdings of CCL. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & in the 3rd quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter worth about $34,000. Assetmark Inc. increased its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Crews Bank & Trust bought a new position in Carnival Co. & during the 4th quarter valued at about $50,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of CCL stock opened at $24.54 on Friday. The firm’s 50 day moving average price is $25.69 and its two-hundred day moving average price is $22.07. The stock has a market cap of $28.56 billion, a PE ratio of 17.65, a PEG ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 52-week low of $13.78 and a 52-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.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CCL shares. The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial raised 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. Stifel Nicolaus lifted their price objective on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company increased their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

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.