Woodline Partners LP Makes New $1.56 Million Investment in Carnival Co. & plc (NYSE:CCL)

Woodline Partners LP purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 62,381 shares of the company's stock, valued at approximately $1,555,000.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in shares of Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after buying an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Carnival Co. & by 153.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Private Advisor Group LLC raised its position in Carnival Co. & by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC boosted its stake in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $59,486,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Carnival Co. & stock traded down $0.08 during mid-day trading on Friday, reaching $23.09. 4,735,742 shares of the company's stock were exchanged, compared to its average volume of 25,675,672. The business's fifty day simple moving average is $19.86 and its 200 day simple moving average is $23.01. The firm has a market capitalization of $26.93 billion, a PE ratio of 16.61, a P/E/G ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period last year, the company posted ($0.14) earnings per share. Carnival Co. &'s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. Citigroup cut their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Hsbc Global Res upgraded shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Truist Financial decreased their price objective on shares of Carnival Co. & from $30.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 19th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus 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.