Carnival Co. & plc (NYSE:CCL) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,097,001 shares of the company's stock after acquiring an additional 2,720,096 shares during the period. Carnival Co. & accounts for about 0.7% of Renaissance Technologies LLC's portfolio, making the stock its 13th largest holding. Renaissance Technologies LLC owned approximately 1.55% of Carnival Co. & worth $450,977,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. State Street Corp lifted its stake in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Carnival Co. & by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after buying an additional 1,201,256 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after buying an additional 877,694 shares in the last quarter. Finally, FMR LLC boosted its holdings in Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after acquiring an additional 6,444,444 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CCL shares. Barclays boosted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Truist Financial upped their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. StockNews.com cut Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Mizuho boosted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Finally, Loop Capital reduced their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $26.84.

Carnival Co. & Trading Up 0.5 %

NYSE:CCL traded up $0.10 during mid-day trading on Friday, reaching $17.70. The company's stock had a trading volume of 18,733,314 shares, compared to its average volume of 26,413,808. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company's fifty day simple moving average is $21.74 and its two-hundred day simple moving average is $23.16. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market cap of $20.64 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.73 and a beta of 2.42.

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

Carnival Co. & Company 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.