101,321 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 also recently made changes to their positions in CCL. Ausdal Financial Partners Inc. acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at $210,000. Long Corridor Asset Management Ltd bought a new position in shares of Carnival Co. & during the 4th quarter valued at about $4,361,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Carnival Co. & by 8.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 504,117 shares of the company’s stock valued at $12,563,000 after buying an additional 37,827 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Carnival Co. & by 23.1% during the fourth 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 during the last quarter. Finally, GQG Partners LLC acquired a new stake in Carnival Co. & during the 4th quarter worth about $1,565,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCL. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. 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 report on Monday. Mizuho upped their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Monday. Barclays raised their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Finally, Citigroup dropped their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.72.

Carnival Co. & Stock Performance

CCL opened at $21.25 on Wednesday. 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 market cap of $24.74 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The stock has a 50-day moving average of $24.07 and a 200-day moving average of $23.11. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

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 return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.