Caxton Associates LP Makes New $1.58 Million Investment in Carnival Co. & plc (NYSE:CCL)

Caxton Associates LP purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 63,550 shares of the company's stock, valued at approximately $1,584,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. boosted its position in Carnival Co. & by 70.6% in the fourth quarter. Baird Financial Group Inc. now owns 49,821 shares of the company's stock worth $1,242,000 after purchasing an additional 20,620 shares during the last quarter. Beck Bode LLC bought a new position in shares of Carnival Co. & in the 4th quarter worth approximately $5,715,000. Ameriprise Financial Inc. lifted its stake in shares of Carnival Co. & by 2.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,093,705 shares of the company's stock worth $52,175,000 after purchasing an additional 46,129 shares during the period. Aptus Capital Advisors LLC purchased a new position in shares of Carnival Co. & in the fourth quarter worth approximately $257,000. Finally, AXA S.A. increased its holdings in Carnival Co. & by 178.2% during the fourth quarter. AXA S.A. now owns 128,338 shares of the company's stock valued at $3,198,000 after buying an additional 82,214 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CCL shares. Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, March 24th. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Truist Financial boosted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Northcoast Research began coverage on shares of Carnival Co. & in a research note on Friday, April 25th. They set a "neutral" rating on the stock. Finally, Barclays dropped their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has an average rating of "Moderate Buy" and a consensus target price of $26.53.

Carnival Co. & Price Performance

CCL traded down $0.07 during trading hours on Friday, hitting $20.18. The company's stock had a trading volume of 17,369,038 shares, compared to its average volume of 26,116,733. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.73 and a beta of 2.50. The business's 50-day moving average price is $19.20 and its 200-day moving average price is $22.97. 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. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned ($0.14) EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Profile

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.