Tidal Investments LLC Increases Position in Carnival Co. & plc (NYSE:CCL)

Tidal Investments LLC boosted its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 65.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,273 shares of the company's stock after buying an additional 48,126 shares during the quarter. Tidal Investments LLC's holdings in Carnival Co. & were worth $3,022,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. Vanguard Group Inc. grew its position in shares of Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Geode Capital Management LLC grew its position in shares of Carnival Co. & by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the period. Nuveen Asset Management LLC grew its position in shares of Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after purchasing an additional 877,694 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Carnival Co. & by 17.7% in the fourth 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. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Stock Performance

CCL traded up $1.33 on Tuesday, reaching $23.58. The company had a trading volume of 9,256,552 shares, compared to its average volume of 25,817,047. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market capitalization of $27.50 billion, a PE ratio of 16.95, a P/E/G ratio of 0.73 and a beta of 2.50. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a 50-day moving average price of $19.74 and a 200-day moving average price of $23.02.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share 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 analysts' expectations of $5.74 billion. During the same period in the previous year, the company earned ($0.14) earnings per share. Carnival Co. &'s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CCL. Hsbc Global Res upgraded shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. HSBC upgraded shares of Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 target price on the stock in a research report on Friday, May 16th. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Truist Financial decreased their price target on shares of Carnival Co. & from $30.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday, May 19th. Finally, Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.53.

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.