Guggenheim Capital LLC increased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 87.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,389 shares of the company's stock after acquiring an additional 38,034 shares during the quarter. Guggenheim Capital LLC's holdings in Carnival Co. & were worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after buying an additional 1,678 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after purchasing an additional 203,710 shares during the period. Private Advisor Group LLC grew its stake in shares of Carnival Co. & by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC increased its holdings in Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after purchasing an additional 14,165 shares during the period. Finally, Norges Bank purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $59,486,000. Institutional investors own 67.19% of the company's stock.
Carnival Co. & Stock Performance
Shares of CCL stock traded up $0.50 on Wednesday, reaching $18.48. The stock had a trading volume of 21,568,576 shares, compared to its average volume of 26,247,890. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market cap of $21.56 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a 50 day simple moving average of $20.54 and a 200 day simple moving average of $23.11.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the company earned ($0.14) earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.
Analysts Set New Price Targets
CCL has been the subject of a number of research analyst reports. Citigroup dropped their price target on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 24th. BNP Paribas started coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Finally, Truist Financial boosted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and an average target price of $26.53.
Check Out Our Latest Report on CCL
Carnival Co. & Company Profile
(
Free Report)
Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.
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