River Global Investors LLP purchased a new position in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,858 shares of the company's stock, valued at approximately $1,092,000.
Several other institutional investors have also made changes to their positions in the stock. Wealthfront Advisers LLC grew its holdings in shares of Carnival Co. & by 447.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company's stock valued at $2,959,000 after acquiring an additional 176,286 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter valued at about $1,368,000. Patton Fund Management Inc. grew its stake in shares of Carnival Co. & by 981.9% in the 3rd quarter. Patton Fund Management Inc. now owns 109,133 shares of the company's stock valued at $1,497,000 after buying an additional 99,046 shares in the last quarter. Nordea Investment Management AB increased its holdings in Carnival Co. & by 126.1% in the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company's stock worth $13,782,000 after buying an additional 413,082 shares during the last quarter. Finally, Blackstone Inc. raised its position in Carnival Co. & by 50.8% during the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company's stock valued at $41,160,000 after acquiring an additional 1,010,000 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Carnival Co. & Stock Performance
Carnival Co. & stock traded down $0.02 on Friday, hitting $14.44. The company's stock had a trading volume of 23,570,419 shares, compared to its average volume of 26,450,004. Carnival Co. & plc has a one year low of $9.21 and a one year high of $19.74. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The firm has a market cap of $16.21 billion, a P/E ratio of 55.54 and a beta of 2.53. The company has a fifty day moving average price of $15.55 and a 200-day moving average price of $15.58.
Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the company earned ($0.55) EPS. Carnival Co. &'s revenue was up 22.0% on a year-over-year basis. On average, equities analysts anticipate that Carnival Co. & plc will post 1.02 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CCL has been the subject of several recent research reports. Susquehanna decreased their target price on shares of Carnival Co. & from $23.00 to $22.00 and set a "positive" rating for the company in a research report on Monday, March 25th. William Blair restated an "outperform" rating on shares of Carnival Co. & in a report on Monday, April 22nd. Truist Financial upped their price target on Carnival Co. & from $15.00 to $18.00 and gave the stock a "hold" rating in a research note on Thursday, January 18th. The Goldman Sachs Group began coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a "buy" rating and a $20.00 price objective on the stock. Finally, Tigress Financial increased their price target on Carnival Co. & from $23.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.47.
View Our Latest Report on Carnival Co. &
Insider Transactions at Carnival Co. &
In related news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares of the company's stock, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is owned by insiders.
Carnival Co. & Company Profile
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Free Report)
Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.
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