Pallas Capital Advisors LLC raised its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 32.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,989 shares of the company's stock after purchasing an additional 11,683 shares during the period. Pallas Capital Advisors LLC's holdings in Carnival Co. & were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in CCL. FMR LLC raised its holdings in shares of Carnival Co. & by 186.6% during the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after purchasing an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after purchasing an additional 5,761,489 shares during the period. Vanguard Group Inc. grew its position in shares of Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Carnival Co. & during the 4th quarter worth about $100,845,000. Finally, AQR Capital Management LLC lifted its position 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 buying an additional 3,263,204 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.
Carnival Co. & Stock Performance
Carnival Co. & stock traded down $0.54 during midday trading on Thursday, hitting $23.33. 8,664,151 shares of the company were exchanged, compared to its average volume of 25,403,137. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market capitalization of $27.22 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 0.73 and a beta of 2.58. The business has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $22.96. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on CCL shares. Mizuho boosted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Citigroup upped their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Barclays lowered their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial dropped 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 report on Monday, May 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.58.
Read Our Latest Research Report on Carnival Co. &
Carnival Co. & 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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