Assenagon Asset Management S.A. bought a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 891,351 shares of the company's stock, valued at approximately $16,472,000. Assenagon Asset Management S.A. owned about 0.08% of Carnival Co. & at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Carnival Co. & during the second quarter valued at $466,838,000. Marshall Wace LLP lifted its stake in Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock valued at $179,435,000 after acquiring an additional 2,911,100 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Carnival Co. & by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company's stock worth $109,444,000 after acquiring an additional 473,848 shares during the period. Finally, Earnest Partners LLC raised its holdings in shares of Carnival Co. & by 12.5% during the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company's stock valued at $74,631,000 after purchasing an additional 507,045 shares during the last quarter. Institutional investors own 67.19% of the company's stock.
Carnival Co. & Stock Performance
Shares of Carnival Co. & stock remained flat at $20.91 during trading hours on Friday. The stock had a trading volume of 16,284,028 shares, compared to its average volume of 29,966,514. The firm has a market cap of $23.47 billion, a P/E ratio of 32.17 and a beta of 2.69. 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 stock has a 50-day moving average price of $18.19 and a 200 day moving average price of $16.76. Carnival Co. & plc has a fifty-two week low of $10.95 and a fifty-two week high of $21.80.
Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm's revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. As a group, research analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on CCL. JPMorgan Chase & Co. raised their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Hsbc Global Res raised Carnival Co. & to a "moderate sell" rating in a report on Tuesday, September 3rd. 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. Finally, Mizuho increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.53.
Check Out Our Latest Analysis on CCL
About Carnival Co. &
(
Free Report)
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.
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