Van ECK Associates Corp Has $2.77 Million Holdings in Carnival Co. & plc (NYSE:CCL)

Van ECK Associates Corp grew its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 454.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 169,268 shares of the company's stock after acquiring an additional 138,719 shares during the period. Van ECK Associates Corp's holdings in Carnival Co. & were worth $2,766,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CCL. Richardson Capital Management LLC bought a new position in Carnival Co. & in the first quarter worth $26,000. Friedenthal Financial bought a new stake in Carnival Co. & during the fourth quarter worth about $28,000. ICA Group Wealth Management LLC purchased a new stake in Carnival Co. & in the fourth quarter worth about $31,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company's stock valued at $34,000 after purchasing an additional 739 shares in the last quarter. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Carnival Co. & during the first quarter valued at approximately $34,000. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Performance

NYSE CCL traded down $0.24 during trading hours on Friday, hitting $17.21. 25,549,996 shares of the company's stock traded hands, compared to its average volume of 30,153,082. 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 $19.32 billion, a P/E ratio of 26.48 and a beta of 2.68. 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 business's fifty day moving average price is $15.90 and its two-hundred day moving average price is $16.08.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &'s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.31) EPS. Equities research analysts predict that Carnival Co. & plc will post 1.19 EPS for the current year.

Analyst Ratings Changes

CCL has been the subject of a number of analyst reports. Tigress Financial raised their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, June 26th. Bank of America increased their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, June 27th. Truist Financial decreased their target price on shares of Carnival Co. & from $18.00 to $17.00 and set a "hold" rating for the company in a report on Wednesday, May 29th. Finally, Susquehanna reiterated a "positive" rating and issued a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.83.

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.