58,858 Shares in Carnival Co. & plc (NYSE:CCL) Bought by River Global Investors LLP

River Global Investors LLP purchased a new stake in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 58,858 shares of the company’s stock, valued at approximately $1,092,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in shares of Carnival Co. & by 117.5% in the third quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock worth $48,000,000 after acquiring an additional 1,890,081 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Carnival Co. & by 1,589.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after purchasing an additional 1,683,434 shares during the last quarter. Blackstone Inc. boosted its stake in shares of Carnival Co. & by 50.8% in the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after purchasing an additional 1,010,000 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Carnival Co. & by 1,241.9% during the third quarter. Mackenzie Financial Corp now owns 847,950 shares of the company’s stock worth $10,803,000 after buying an additional 784,762 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Carnival Co. & by 16.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock worth $87,094,000 after buying an additional 652,798 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Down 0.1 %

Shares of Carnival Co. & stock traded down $0.02 on Friday, hitting $14.44. The company had a trading volume of 23,570,419 shares, compared to its average volume of 26,450,004. Carnival Co. & plc has a 1 year low of $9.21 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The stock has a 50 day moving average of $15.55 and a 200-day moving average of $15.58. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 55.54 and a beta of 2.53.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.55) earnings per share. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial upped their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. The Goldman Sachs Group assumed coverage on Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 target price for the company. Tigress Financial lifted their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Argus lowered their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

Insider Buying and Selling

In other news, CFO David Bernstein sold 153,995 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by insiders.

Carnival Co. & Profile

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.