1832 Asset Management L.P. Raises Holdings in Carnival Co. & plc (NYSE:CCL)

1832 Asset Management L.P. raised its holdings in shares of Carnival Co. & plc (NYSE:CCLFree Report) by 66.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the company’s stock after purchasing an additional 800 shares during the period. 1832 Asset Management L.P.’s holdings in Carnival Co. & were worth $37,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Friedenthal Financial purchased a new stake in Carnival Co. & during the 4th quarter valued at $28,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares during the period. Bfsg LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at $38,000. Hanseatic Management Services Inc. bought a new position in shares of Carnival Co. & during the 3rd quarter valued at $30,000. Finally, Planned Solutions Inc. bought a new position in shares of Carnival Co. & during the 4th quarter valued at $41,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCL. Wells Fargo & Company increased their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Mizuho began coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price target on the stock. Truist Financial decreased their target price on Carnival Co. & from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, May 29th. Barclays raised their target price on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group began coverage on Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.53.

Get Our Latest Stock Report on CCL

Carnival Co. & Trading Down 1.0 %

Shares of Carnival Co. & stock opened at $16.53 on Tuesday. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 63.58 and a beta of 2.57. The business has a 50-day moving average price of $15.09 and a 200-day moving average price of $16.08. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCLGet Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.55) earnings per share. Equities research analysts anticipate that Carnival Co. & plc will post 1.01 EPS for the current fiscal year.

Carnival Co. & Profile

(Free Report)

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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

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