Tower Research Capital LLC TRC Acquires 28,325 Shares of Carnival Co. & plc (NYSE:CCL)

Tower Research Capital LLC TRC lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,438 shares of the company's stock after purchasing an additional 28,325 shares during the period. Tower Research Capital LLC TRC's holdings in Carnival Co. & were worth $2,204,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CCL. Transce3nd LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $47,000. MML Investors Services LLC boosted its stake in Carnival Co. & by 139.7% during the fourth quarter. MML Investors Services LLC now owns 207,679 shares of the company's stock worth $5,175,000 after acquiring an additional 121,045 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Carnival Co. & by 4.7% in the fourth quarter. MetLife Investment Management LLC now owns 274,712 shares of the company's stock worth $6,846,000 after purchasing an additional 12,252 shares during the period. Ossiam bought a new stake in Carnival Co. & in the fourth quarter valued at $46,000. Finally, Norinchukin Bank The raised its holdings in shares of Carnival Co. & by 3.3% during the fourth quarter. Norinchukin Bank The now owns 38,985 shares of the company's stock valued at $972,000 after purchasing an additional 1,232 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Stock Performance

NYSE CCL opened at $17.97 on Wednesday. The firm has a market cap of $20.96 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company's 50 day moving average is $20.54 and its 200-day moving average is $23.11. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on CCL shares. StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. William Blair restated an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Stifel Nicolaus increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Finally, Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus price target of $26.53.

Carnival Co. & 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.

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