Xponance Inc. Has $3.72 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Xponance Inc. boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,337 shares of the company’s stock after purchasing an additional 12,626 shares during the period. Xponance Inc.’s holdings in Carnival Co. & were worth $3,721,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Crewe Advisors LLC lifted its position in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & in the fourth quarter worth about $34,000. Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the 3rd quarter valued at approximately $46,000. Crews Bank & Trust bought a new stake in shares of Carnival Co. & during the 4th quarter valued at approximately $50,000. Finally, Avior Wealth Management LLC increased its position in Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Up 0.7 %

Shares of Carnival Co. & stock opened at $21.21 on Friday. The stock’s 50-day moving average is $24.25 and its 200 day moving average is $22.91. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The firm has a market cap of $24.69 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCL. Stifel Nicolaus decreased their target price on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Wells Fargo & Company boosted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Truist Financial upped their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.89.

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.