Mizuho Securities USA LLC Has $122.78 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Mizuho Securities USA LLC grew its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 8,431.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,644,000 shares of the company's stock after acquiring an additional 6,566,120 shares during the quarter. Mizuho Securities USA LLC owned 0.58% of Carnival Co. & worth $122,781,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CCL. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Carnival Co. & in the second quarter valued at approximately $466,838,000. Marshall Wace LLP grew its holdings in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock worth $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC raised its stake in Carnival Co. & by 43.6% in the second 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 period. International Assets Investment Management LLC lifted its position in shares of Carnival Co. & by 2,400.1% in the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock valued at $556,280,000 after buying an additional 2,889,785 shares during the last quarter. Finally, Goldentree Asset Management LP bought a new position in shares of Carnival Co. & during the 1st quarter worth approximately $31,917,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares of the company's stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Carnival Co. & Price Performance

Shares of NYSE CCL remained flat at $24.31 during mid-day trading on Friday. The company had a trading volume of 18,241,910 shares, compared to its average volume of 29,568,859. The firm has a market capitalization of $28.06 billion, a P/E ratio of 21.69 and a beta of 2.66. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The firm's fifty day simple moving average is $20.31 and its 200 day simple moving average is $17.64. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $24.99.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial raised their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a "hold" rating in a report on Tuesday, July 23rd. Bank of America lifted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday. Hsbc Global Res upgraded shares of Carnival Co. & to a "moderate sell" rating in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Finally, Barclays increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.78.

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.