Mirae Asset Global Investments Co. Ltd. Acquires 1,521 Shares of Carnival Co. & plc (NYSE:CCL)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,632 shares of the company’s stock after purchasing an additional 1,521 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Carnival Co. & were worth $2,737,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CCL. Prime Capital Investment Advisors LLC raised its stake in shares of Carnival Co. & by 25.9% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,566 shares of the company’s stock valued at $307,000 after acquiring an additional 3,406 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Carnival Co. & by 1,589.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after acquiring an additional 1,683,434 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Carnival Co. & by 0.8% during the fourth quarter. Arizona State Retirement System now owns 276,902 shares of the company’s stock valued at $5,134,000 after acquiring an additional 2,080 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Carnival Co. & during the fourth quarter valued at about $547,000. Finally, Clear Creek Financial Management LLC raised its stake in shares of Carnival Co. & by 173.6% during the fourth quarter. Clear Creek Financial Management LLC now owns 44,309 shares of the company’s stock valued at $821,000 after acquiring an additional 28,114 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCL has been the subject of several recent analyst reports. Susquehanna lowered their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. Macquarie boosted their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Wells Fargo & Company upgraded shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research report on Friday, January 5th. Stifel Nicolaus reduced their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Finally, Truist Financial boosted their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $21.47.

Insider Activity at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the stock in a transaction that occurred 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 owns 181,981 shares in the company, valued at $2,797,047.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.00% of the stock is owned by insiders.

Carnival Co. & Trading Up 0.4 %

NYSE:CCL opened at $14.18 on Friday. The company’s 50 day moving average price is $15.64 and its 200-day moving average price is $15.39. Carnival Co. & plc has a 52 week low of $8.70 and a 52 week high of $19.74. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 54.54 and a beta of 2.54.

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

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.