River Global Investors LLP Buys Shares of 58,858 Carnival Co. & plc (NYSE:CCL)

River Global Investors LLP purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,858 shares of the company’s stock, valued at approximately $1,092,000.

Other large investors have also modified their holdings of the company. Friedenthal Financial bought a new position in Carnival Co. & in the 4th quarter worth about $28,000. Hanseatic Management Services Inc. bought a new position in Carnival Co. & in the 3rd quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV increased its position in Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares during the period. First Horizon Advisors Inc. raised its stake in Carnival Co. & by 254.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock valued at $38,000 after acquiring an additional 2,004 shares in the last quarter. Finally, Bfsg LLC acquired a new position in Carnival Co. & during the 4th quarter worth $38,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Truist Financial raised their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Argus cut their target price on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Finally, Susquehanna lowered their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Stock Down 0.1 %

NYSE:CCL traded down $0.02 during trading hours on Friday, hitting $14.44. 23,570,419 shares of the company’s stock traded hands, compared to its average volume of 26,450,004. The stock’s fifty day moving average price is $15.55 and its two-hundred day moving average price is $15.58. The firm has a market cap of $16.21 billion, a P/E ratio of 55.54 and a beta of 2.53. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. Carnival Co. & plc has a twelve month low of $9.21 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.55) EPS. On average, research analysts expect that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Carnival Co. & Company 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.