DoubleLine ETF Adviser LP Makes New $500,000 Investment in Carnival Co. & plc (NYSE:CCL)

DoubleLine ETF Adviser LP 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 & Exchange Commission. The fund purchased 26,701 shares of the company’s stock, valued at approximately $500,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCL. Norges Bank acquired a new position in shares of Carnival Co. & during the 4th quarter worth about $40,236,000. US Bancorp DE lifted its position in shares of Carnival Co. & by 8.0% during the 4th quarter. US Bancorp DE now owns 37,750 shares of the company’s stock worth $700,000 after purchasing an additional 2,804 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Carnival Co. & by 53.3% during the 4th quarter. Advisory Services Network LLC now owns 15,628 shares of the company’s stock worth $290,000 after purchasing an additional 5,432 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Carnival Co. & by 6.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 281,385 shares of the company’s stock worth $5,217,000 after purchasing an additional 16,637 shares during the last quarter. Finally, United Services Automobile Association lifted its position in shares of Carnival Co. & by 15.6% during the 4th quarter. United Services Automobile Association now owns 30,913 shares of the company’s stock worth $573,000 after purchasing an additional 4,172 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the subject of several research analyst reports. Citigroup boosted their price objective on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Susquehanna restated a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research note on Wednesday, June 26th. Argus boosted their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Morgan Stanley boosted their price target on Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Finally, Truist Financial boosted their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.63.

Carnival Co. & Trading Up 3.5 %

Shares of CCL opened at $18.67 on Friday. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The stock has a 50 day simple moving average of $16.58 and a 200-day simple moving average of $16.20. The stock has a market cap of $20.96 billion, a PE ratio of 28.72 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period last year, the firm posted ($0.31) EPS. The business’s revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts predict that Carnival Co. & plc will post 1.21 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.