American Century Companies Inc. Has $38.24 Million Holdings in Carnival Co. & plc (NYSE:CCL)

American Century Companies Inc. raised its stake in Carnival Co. & plc (NYSE:CCL) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,534,582 shares of the company’s stock after purchasing an additional 146,267 shares during the period. American Century Companies Inc. owned approximately 0.13% of Carnival Co. & worth $38,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Crewe Advisors LLC lifted its stake in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $34,000. Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in Carnival Co. & in the 4th quarter valued at $42,000. Finally, Morse Asset Management Inc bought a new stake in Carnival Co. & in the third quarter valued at about $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup lowered their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Thursday. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday. Finally, BNP Paribas assumed coverage on Carnival Co. & in a research note on Thursday. They issued an “outperform” rating and a $26.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Price Performance

NYSE CCL opened at $20.80 on Friday. 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. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The firm’s 50 day moving average is $23.91 and its 200-day moving average is $23.08. The company has a market capitalization of $24.21 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate 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.