New Wave Wealth Advisors LLC Invests $34,000 in Carnival Co. & plc (NYSE:CCL)

New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,351 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & in the 3rd quarter valued at about $25,000. Assetmark Inc. grew its stake in 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 in the last quarter. CVA Family Office LLC increased its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. Finally, Crews Bank & Trust acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $50,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCL. Truist Financial boosted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group raised their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Trading Down 2.9 %

Shares of NYSE:CCL opened at $27.66 on Friday. The business’s 50 day simple moving average is $25.53 and its 200 day simple moving average is $21.16. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year 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 company has a market capitalization of $32.20 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.87 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last released its 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 company 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%. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. On average, research analysts anticipate that Carnival Co. & plc will post 1.76 EPS for the current fiscal year.

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.