Nisa Investment Advisors LLC Has $3.21 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Nisa Investment Advisors LLC raised its holdings in Carnival Co. & plc (NYSE:CCL) by 59.1% in the 4th quarter, HoldingsChannel reports. The fund owned 173,086 shares of the company’s stock after acquiring an additional 64,266 shares during the period. Nisa Investment Advisors LLC’s holdings in Carnival Co. & were worth $3,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pacific Center for Financial Services acquired a new stake in shares of Carnival Co. & during the first quarter worth $29,000. Hanseatic Management Services Inc. acquired a new stake in shares of Carnival Co. & during the third quarter worth $30,000. Farther Finance Advisors LLC increased its position in shares of Carnival Co. & by 59.6% during the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock worth $34,000 after buying an additional 669 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after buying an additional 2,004 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

NYSE CCL opened at $14.36 on Friday. The company has a market capitalization of $16.12 billion, a PE ratio of 55.23 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The company has a 50-day simple moving average of $15.77 and a 200 day simple moving average of $15.39. Carnival Co. & plc has a 52-week low of $8.70 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.55) earnings per share. On average, research analysts predict that Carnival Co. & plc will post 1.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCL shares. JPMorgan Chase & Co. increased their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Citigroup raised their price objective on shares of Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Carnival Co. & from $14.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, December 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. Finally, Argus dropped their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.47.

Insider Transactions at Carnival Co. &

In other news, CFO David Bernstein sold 34,020 shares of Carnival Co. & stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $17.05, for a total value of $580,041.00. Following the completion of the transaction, the chief financial officer now owns 335,976 shares in the company, valued at $5,728,390.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & 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.