Raymond James & Associates Decreases Holdings in Carnival Co. & plc (NYSE:CCL)

Raymond James & Associates cut its stake in shares of Carnival Co. & plc (NYSE:CCL) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 433,930 shares of the company’s stock after selling 49,864 shares during the period. Raymond James & Associates’ holdings in Carnival Co. & were worth $8,019,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CCL. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Carnival Co. & during the 2nd quarter valued at $466,838,000. Marshall Wace LLP raised its stake in Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after buying an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC raised its stake in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after buying an additional 2,911,100 shares during the last quarter. Goldentree Asset Management LP purchased a new stake in Carnival Co. & during the 1st quarter valued at $31,917,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Carnival Co. & during the 1st quarter valued at $27,302,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial boosted their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.53.

Carnival Co. & Stock Up 0.3 %

Shares of CCL stock opened at $22.16 on Thursday. The stock has a market cap of $25.58 billion, a P/E ratio of 19.79 and a beta of 2.69. Carnival Co. & plc has a 52 week low of $11.10 and a 52 week high of $22.39. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The company’s fifty day simple moving average is $18.58 and its two-hundred day simple moving average is $16.90.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 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 net margin of 6.39% and a return on equity of 22.30%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. Analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

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.