Millstone Evans Group LLC Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Millstone Evans Group LLC acquired a new stake in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,371 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in Carnival Co. & by 5.9% during the third 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 during the period. Los Angeles Capital Management LLC purchased a new stake in Carnival Co. & during the 4th quarter worth approximately $53,636,000. Wedge Capital Management L L P NC lifted its holdings in Carnival Co. & by 718.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after buying an additional 1,901,224 shares in the last quarter. Holocene Advisors LP acquired a new stake in Carnival Co. & during the 3rd quarter worth approximately $26,806,000. Finally, Verition Fund Management LLC grew its stake in shares of Carnival Co. & by 115.0% in the third quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock worth $44,436,000 after acquiring an additional 1,286,054 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Up 2.5 %

Shares of NYSE CCL opened at $21.46 on Tuesday. The stock has a market cap of $24.98 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The business has a 50-day moving average price of $24.14 and a 200 day moving average price of $23.07. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCL. Barclays increased 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. Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday. Mizuho upped their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Finally, William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.72.

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.