54,800 Shares in Carnival Co. & plc (NYSE:CCL) Bought by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda purchased a new position in Carnival Co. & plc (NYSE:CCL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 54,800 shares of the company’s stock, valued at approximately $1,026,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after purchasing an additional 559,038 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Carnival Co. & in the second quarter worth $466,838,000. Marshall Wace LLP raised its holdings in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Carnival Co. & by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after purchasing an additional 473,848 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 0.3 %

Shares of NYSE:CCL opened at $18.49 on Tuesday. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 28.45 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The stock’s 50-day simple moving average is $16.60 and its two-hundred day simple moving average is $16.24. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. Analysts expect that Carnival Co. & plc will post 1.21 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CCL. Citigroup increased their price objective on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Morgan Stanley raised their price target on Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Bank of America raised their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Truist Financial raised their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.63.

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.