Cookson Peirce & Co. Inc. Invests $512,000 in Carnival Co. & plc (NYSE:CCL)

Cookson Peirce & Co. Inc. acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,528 shares of the company’s stock, valued at approximately $512,000.

Several other hedge funds have also made changes to their positions in CCL. Mizuho Securities USA LLC boosted its holdings in Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the last quarter. State Street Corp boosted its holdings in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $53,636,000. Wedge Capital Management L L P NC boosted its holdings in Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after acquiring an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in Carnival Co. & in the third quarter valued at $26,806,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CCL shares. Mizuho lifted their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Barclays lifted their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. The Goldman Sachs Group lifted their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup lifted their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Loop Capital began coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Stock Up 1.9 %

Shares of NYSE CCL opened at $22.33 on Thursday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.73 and a beta of 2.66. 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 stock’s 50-day simple moving average is $25.25 and its 200-day simple moving average is $22.65.

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