Allspring Global Investments Holdings LLC Boosts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Allspring Global Investments Holdings LLC boosted its position in Carnival Co. & plc (NYSE:CCL – Get Rating) by 83.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 90,339 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Total Clarity Wealth Management Inc. purchased a new stake in shares of Carnival Co. & during the second quarter worth $43,000. Heritage Wealth Management LLC purchased a new stake in shares of Carnival Co. & during the second quarter worth $46,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Carnival Co. & by 203.5% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 5,694 shares of the company’s stock worth $49,000 after acquiring an additional 3,818 shares in the last quarter. Glassman Wealth Services lifted its position in shares of Carnival Co. & by 224.2% during the second quarter. Glassman Wealth Services now owns 6,114 shares of the company’s stock worth $53,000 after acquiring an additional 4,228 shares in the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Carnival Co. & in the third quarter worth $63,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $10.47 on Monday. 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 50-day moving average of $9.24 and a 200-day moving average of $9.21. The firm has a market cap of $11.65 billion, a P/E ratio of -2.02 and a beta of 2.14. Carnival Co. & plc has a 1-year low of $6.11 and a 1-year high of $23.86.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CCL shares. Susquehanna Bancshares decreased their price target on shares of Carnival Co. & from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, October 3rd. UBS Group reduced their target price on Carnival Co. & from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, January 9th. Wells Fargo & Company reduced their target price on Carnival Co. & from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, December 22nd. Credit Suisse Group reduced their target price on Carnival Co. & from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, December 22nd. Finally, Tigress Financial reissued a “buy” rating and issued a $13.00 target price on shares of Carnival Co. & in a research note on Thursday, October 27th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.68.

About Carnival Co. &

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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.