ExodusPoint Capital Management LP Raises Stock Position in Carnival Co. & plc (NYSE:CCL)

ExodusPoint Capital Management LP raised its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 785.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 516,432 shares of the company's stock after acquiring an additional 458,107 shares during the period. ExodusPoint Capital Management LP's holdings in Carnival Co. & were worth $12,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CCL. Crewe Advisors LLC increased its holdings in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at $34,000. Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. acquired a new position in Carnival Co. & during the 4th quarter worth about $42,000. Finally, Crews Bank & Trust purchased a new position in Carnival Co. & during the 4th quarter valued at about $50,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

NYSE:CCL traded up $2.98 during midday trading on Wednesday, reaching $19.67. The stock had a trading volume of 66,842,512 shares, compared to its average volume of 26,417,977. The stock has a market cap of $22.95 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.73 and a beta of 2.42. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The firm has a fifty day simple moving average of $22.12 and a two-hundred day simple moving average of $23.14.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share. On average, equities analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Mizuho increased their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Morgan Stanley increased their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. Finally, William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.89.

Carnival Co. & Profile

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.