Carnival Co. & plc (NYSE:CCL) Stake Lowered by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 587,061 shares of the company's stock after selling 168,431 shares during the quarter. QRG Capital Management Inc. owned 0.05% of Carnival Co. & worth $10,849,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in Carnival Co. & by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company's stock valued at $269,000 after buying an additional 3,741 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock valued at $75,310,000 after purchasing an additional 39,491 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company's stock worth $4,223,000 after purchasing an additional 103,501 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock worth $4,892,000 after acquiring an additional 24,198 shares during the period. Finally, Cetera Advisors LLC boosted its holdings in Carnival Co. & by 38.3% in the 1st quarter. Cetera Advisors LLC now owns 40,708 shares of the company's stock valued at $665,000 after purchasing an additional 11,276 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

Shares of NYSE CCL traded up $0.54 during trading hours on Tuesday, reaching $22.45. The stock had a trading volume of 17,541,036 shares, compared to its average volume of 29,800,133. 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 has a market cap of $25.91 billion, a price-to-earnings ratio of 20.04 and a beta of 2.66. The firm has a 50-day moving average of $19.03 and a 200-day moving average of $17.15. Carnival Co. & plc has a fifty-two week low of $12.02 and a fifty-two week high of $23.05.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.82 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. Carnival Co. &'s revenue was up 15.2% compared to the same quarter last year. Equities research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

CCL has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Citigroup boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Truist Financial raised their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a "hold" rating in a report on Tuesday, July 23rd. Finally, Hsbc Global Res raised shares of Carnival Co. & to a "moderate sell" rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.53.

About Carnival Co. &

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.