Envestnet Asset Management Inc. Cuts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Envestnet Asset Management Inc. reduced its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,989 shares of the company's stock after selling 50,908 shares during the period. Envestnet Asset Management Inc.'s holdings in Carnival Co. & were worth $4,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perennial Investment Advisors LLC purchased a new position in Carnival Co. & during the fourth quarter worth about $277,000. Mizuho Bank Ltd. purchased a new position in Carnival Co. & during the fourth quarter worth about $46,000. Resona Asset Management Co. Ltd. purchased a new position in Carnival Co. & during the fourth quarter worth about $7,388,000. Atlas Capital Advisors Inc. purchased a new position in Carnival Co. & during the fourth quarter worth about $437,000. Finally, ExodusPoint Capital Management LP boosted its stake in Carnival Co. & by 785.4% during the fourth quarter. ExodusPoint Capital Management LP now owns 516,432 shares of the company's stock worth $12,869,000 after buying an additional 458,107 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCL has been the subject of several research analyst reports. Citigroup lowered their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 24th. StockNews.com lowered shares of Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Saturday. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Truist Financial raised their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Finally, Barclays reduced their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.53.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock traded down $0.15 during trading on Tuesday, reaching $18.71. The company's stock had a trading volume of 30,350,419 shares, compared to its average volume of 26,197,465. The company has a 50-day moving average price of $19.83 and a two-hundred day moving average price of $23.08. The firm has a market cap of $21.83 billion, a PE ratio of 13.46, a P/E/G ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. 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 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. The business had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) EPS. On average, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current 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.