SG Americas Securities LLC lifted its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 17.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,336,186 shares of the company's stock after acquiring an additional 198,917 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of Carnival Co. & worth $26,096,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake 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 valued at $246,681,000 after acquiring an additional 6,444,444 shares in the last quarter. Nuveen Asset Management LLC raised its position in Carnival Co. & by 33.7% during the 4th 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 in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 4,458,329 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Carnival Co. & in the 4th quarter worth $100,845,000. Finally, AQR Capital Management LLC grew 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 in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.
Carnival Co. & Stock Down 5.0%
Shares of CCL traded down $1.18 during mid-day trading on Friday, hitting $22.39. 36,856,661 shares of the company traded hands, compared to its average volume of 25,499,529. The company has a market capitalization of $26.12 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.73 and a beta of 2.58. 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 business has a 50 day moving average of $20.81 and a 200 day moving average of $22.95. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The company 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%. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS. Equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on Carnival Co. & from $31.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday. Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Hsbc Global Res upgraded shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Finally, Wall Street Zen upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $26.58.
Check Out Our Latest Stock Analysis on CCL
About Carnival Co. &
(
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.
Recommended Stories
Before you consider Carnival Co. &, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carnival Co. & wasn't on the list.
While Carnival Co. & currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
