Andra AP fonden Acquires Shares of 235,400 Carnival Co. & plc (NYSE:CCL)

Andra AP fonden bought a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, Holdings Channel reports. The fund bought 235,400 shares of the company’s stock, valued at approximately $5,866,000.

Other institutional investors also recently modified their holdings of the company. Mizuho Securities USA LLC boosted its stake in Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after acquiring an additional 6,566,120 shares in the last quarter. State Street Corp boosted its position in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter worth approximately $53,636,000. Wedge Capital Management L L P NC increased its position in Carnival Co. & by 718.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after buying an additional 1,901,224 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in Carnival Co. & during the 3rd quarter valued at approximately $26,806,000. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CCL. Wells Fargo & Company increased their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Barclays increased their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Morgan Stanley increased their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Finally, Mizuho raised their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Down 1.2 %

CCL stock opened at $20.62 on Friday. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 0.73 and a beta of 2.66. 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 business’s 50-day moving average is $25.07 and its two-hundred day moving average is $22.73. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS. As a group, analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current 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.