Vinva Investment Management Ltd Cuts Stock Position in Carnival Co. & plc (NYSE:CCL)

Vinva Investment Management Ltd lessened its stake in Carnival Co. & plc (NYSE:CCL) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 862,947 shares of the company’s stock after selling 18,975 shares during the period. Carnival Co. & accounts for approximately 0.8% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 16th largest holding. Vinva Investment Management Ltd’s holdings in Carnival Co. & were worth $21,752,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter valued at about $34,000. Assetmark Inc. grew its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. Crews Bank & Trust purchased a new position in Carnival Co. & in the fourth quarter valued at about $50,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Carnival Co. & in the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

CCL has been the topic of a number of research analyst reports. Citigroup boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. The Goldman Sachs Group boosted their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Finally, Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $20.12 on Wednesday. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The firm’s 50 day simple moving average is $24.38 and its 200-day simple moving average is $22.94. 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. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the firm posted ($0.07) EPS. The business’s revenue was up 10.0% on a year-over-year basis. Analysts expect that Carnival Co. & plc will post 1.77 EPS 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.