238,401 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 238,401 shares of the company's stock, valued at approximately $5,941,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. Geode Capital Management LLC increased its stake in Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Carnival Co. & by 4.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock worth $464,747,000 after purchasing an additional 877,694 shares during the last quarter. Renaissance Technologies LLC boosted its position in Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock worth $450,977,000 after purchasing an additional 2,720,096 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Carnival Co. & by 14.8% in the fourth quarter. Northern Trust Corp now owns 10,638,692 shares of the company's stock valued at $265,116,000 after purchasing an additional 1,374,714 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Mizuho increased their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Loop Capital dropped their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Monday, March 24th. Northcoast Research initiated coverage on Carnival Co. & in a report on Friday, April 25th. They issued a "neutral" rating for the company. Finally, StockNews.com cut Carnival Co. & from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Stock Up 5.1 %

NYSE CCL traded up $0.95 on Friday, reaching $19.58. The company had a trading volume of 27,602,249 shares, compared to its average volume of 26,211,591. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a 50-day moving average of $19.55 and a 200-day moving average of $23.02. The firm has a market capitalization of $22.84 billion, a PE ratio of 14.09, a P/E/G ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm earned ($0.14) earnings per share. The business's quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

About Carnival Co. &

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.