Man Group plc Lowers Position in Carnival Co. & plc (NYSE:CCL)

Man Group plc lowered its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,810,441 shares of the company's stock after selling 2,961,096 shares during the period. Man Group plc owned about 0.24% of Carnival Co. & worth $70,036,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Hartford Investment Management Co. lifted its position in shares of Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock valued at $1,601,000 after buying an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after buying an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its position in shares of Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after buying an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock worth $1,224,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Trading Up 1.8%

CCL traded up $0.42 on Friday, hitting $23.42. 18,633,256 shares of the company were exchanged, compared to its average volume of 26,171,364. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a fifty day simple moving average of $19.45 and a two-hundred day simple moving average of $23.02. The stock has a market capitalization of $27.32 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter last year, the business posted ($0.14) EPS. The business's revenue was up 7.5% on a year-over-year basis. Sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCL. BNP Paribas began coverage on Carnival Co. & in a report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective on the stock. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday. Loop Capital dropped their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Truist Financial increased their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Finally, Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their target price 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.68.

Carnival Co. & Company 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.