Allspring Global Investments Holdings LLC Acquires 41,207 Shares of Carnival Co. & plc (NYSE:CCL)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Carnival Co. & plc (NYSE:CCLGet Rating) by 83.9% during the 3rd quarter, Holdings Channel reports. The fund owned 90,339 shares of the company’s stock after buying an additional 41,207 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Carnival Co. & were worth $634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lido Advisors LLC grew its holdings in Carnival Co. & by 0.4% during the 1st quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock worth $3,826,000 after acquiring an additional 803 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Carnival Co. & by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 269,039 shares of the company’s stock valued at $2,327,000 after buying an additional 1,055 shares in the last quarter. Lincoln National Corp boosted its holdings in shares of Carnival Co. & by 6.5% in the 2nd quarter. Lincoln National Corp now owns 19,754 shares of the company’s stock valued at $171,000 after buying an additional 1,203 shares in the last quarter. GFG Capital LLC boosted its holdings in shares of Carnival Co. & by 7.1% in the 2nd quarter. GFG Capital LLC now owns 20,610 shares of the company’s stock valued at $178,000 after buying an additional 1,359 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Carnival Co. & by 7.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 19,083 shares of the company’s stock valued at $134,000 after buying an additional 1,362 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

CCL opened at $10.47 on Monday. Carnival Co. & plc has a 12-month low of $6.11 and a 12-month high of $23.86. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 4.52. The firm has a market capitalization of $11.65 billion, a PE ratio of -2.02 and a beta of 2.14. The firm has a 50 day moving average of $9.24 and a two-hundred day moving average of $9.21.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Carnival Co. & from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, December 22nd. Barclays increased their price objective on shares of Carnival Co. & from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. UBS Group decreased their price objective on shares of Carnival Co. & from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, January 9th. Stifel Nicolaus increased their price objective on shares of Carnival Co. & from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, December 14th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Carnival Co. & in a research report on Thursday, October 27th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.68.

Carnival Co. & Profile

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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.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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