Bridgefront Capital LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,423 shares of the company's stock, valued at approximately $758,000.
A number of other institutional investors also recently modified their holdings of CCL. FMR LLC boosted its stake in shares of Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after purchasing an additional 6,444,444 shares in the last quarter. Vanguard Group Inc. boosted its position in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Carnival Co. & by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock worth $116,857,000 after acquiring an additional 3,263,204 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Carnival Co. & by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after purchasing an additional 2,720,096 shares during the period. Finally, Norges Bank bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $59,486,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on CCL shares. Mizuho upped their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, March 24th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Northcoast Research initiated coverage on Carnival Co. & in a research report on Friday, April 25th. They set a "neutral" rating for the company. Finally, Truist Financial boosted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.
Read Our Latest Research Report on Carnival Co. &
Carnival Co. & Stock Performance
CCL stock traded down $0.07 during midday trading on Friday, reaching $20.18. 17,369,038 shares of the company's stock traded hands, compared to its average volume of 26,116,729. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a market cap of $23.54 billion, a P/E ratio of 14.52, a PEG ratio of 0.73 and a beta of 2.50. The stock's 50-day moving average is $19.24 and its 200 day moving average is $22.98.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.74 billion. During the same period last year, the firm earned ($0.14) EPS. Carnival Co. &'s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.
Carnival Co. & Company Profile
(
Free Report)
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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