Carnival Co. & plc (NYSE:CCL) Shares Bought by Triton Wealth Management PLLC

Triton Wealth Management PLLC grew its holdings in Carnival Co. & plc (NYSE:CCL) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,274 shares of the company’s stock after acquiring an additional 1,693 shares during the period. Triton Wealth Management PLLC’s holdings in Carnival Co. & were worth $673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Carnival Co. & during the second quarter worth $466,838,000. Marshall Wace LLP boosted 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 valued at $193,398,000 after purchasing an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC increased its stake in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after buying an additional 2,638,564 shares in the last quarter. Finally, Goldentree Asset Management LP purchased a new position in shares of Carnival Co. & in the 1st quarter valued at $31,917,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded up $0.68 on Friday, reaching $18.02. 31,753,075 shares of the company were exchanged, compared to its average volume of 30,088,650. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a 50-day moving average of $16.58 and a 200-day moving average of $16.29. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 27.72 and a beta of 2.69.

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

Analyst Upgrades and Downgrades

CCL has been the subject of several research analyst reports. Truist Financial upped their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Morgan Stanley boosted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday. Barclays lifted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Bank of America upped their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.97.

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.