Anthracite Investment Company Inc. Takes Position in Carnival Co. & plc (NYSE:CCL)

Anthracite Investment Company Inc. bought a new position in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 101,321 shares of the company’s stock, valued at approximately $2,525,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Hartford Investment Management Co. increased its position in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after acquiring an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock valued at $54,000 after purchasing an additional 408 shares in the last quarter. Avidian Wealth Enterprises LLC raised its position in Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares during the period. Sound View Wealth Advisors Group LLC raised its holdings in shares of Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after buying an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Carnival Co. & by 1.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCL. Loop Capital decreased their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday. Morgan Stanley raised their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Citigroup cut their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. Barclays raised their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $26.72.

Carnival Co. & Price Performance

Shares of CCL opened at $21.25 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 debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a fifty day moving average price of $24.07 and a 200 day moving average price of $23.11. The company has a market cap of $24.74 billion, a P/E ratio of 15.29, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. On average, research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share 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.