Point72 DIFC Ltd Buys 109,438 Shares of Carnival Co. & plc (NYSE:CCL)

Point72 DIFC Ltd grew its stake in shares of Carnival Co. & plc (NYSE:CCL) by 85.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 237,999 shares of the company’s stock after buying an additional 109,438 shares during the quarter. Point72 DIFC Ltd’s holdings in Carnival Co. & were worth $4,455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Marshall Wace LLP grew its stake in shares of Carnival Co. & by 510.5% during the second 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. Public Sector Pension Investment Board grew its stake in shares of Carnival Co. & by 69.2% during the second quarter. Public Sector Pension Investment Board now owns 38,764 shares of the company’s stock valued at $726,000 after buying an additional 15,856 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Carnival Co. & by 6.6% during the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after buying an additional 764 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Carnival Co. & by 4.3% during the second quarter. ProShare Advisors LLC now owns 221,735 shares of the company’s stock valued at $4,151,000 after buying an additional 9,211 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Carnival Co. & during the second quarter valued at about $466,838,000. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CCL shares. Truist Financial raised their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Argus raised their target price on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their target price on Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Finally, Bank of America raised their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.63.

Carnival Co. & Price Performance

CCL stock opened at $18.97 on Tuesday. The firm has a 50 day moving average price of $16.60 and a 200-day moving average price of $16.17. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 29.18 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.

Carnival Co. & (NYSE:CCL) last released its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period last year, the business earned ($0.31) earnings per share. The business’s revenue was up 17.7% on a year-over-year basis. Equities research analysts forecast that Carnival Co. & plc will post 1.19 EPS for the current fiscal year.

Carnival Co. & Company 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.