Mutual of America Capital Management LLC Lowers Position in Carnival Co. & plc (NYSE:CCL)

Mutual of America Capital Management LLC lowered its holdings in Carnival Co. & plc (NYSE:CCL) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,956 shares of the company’s stock after selling 6,138 shares during the period. Mutual of America Capital Management LLC’s holdings in Carnival Co. & were worth $2,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its holdings in shares of Carnival Co. & by 69.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 36,887 shares of the company’s stock valued at $684,000 after acquiring an additional 15,109 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Carnival Co. & by 59.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 173,086 shares of the company’s stock valued at $3,209,000 after acquiring an additional 64,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Carnival Co. & by 1.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 147,632 shares of the company’s stock valued at $2,737,000 after buying an additional 1,521 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Carnival Co. & by 25.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,566 shares of the company’s stock valued at $307,000 after buying an additional 3,406 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Carnival Co. & by 1,589.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after buying an additional 1,683,434 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of research reports. Truist Financial raised their price objective on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Macquarie raised their price objective on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Carnival Co. & from $14.00 to $18.00 and gave the company a “hold” rating in a report on Friday, December 22nd. Finally, Argus reduced their price target on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $21.47.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was 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 of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $14.12 on Friday. 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 52-week low of $8.70 and a 52-week high of $19.74. The stock has a market capitalization of $15.84 billion, a PE ratio of 54.29 and a beta of 2.54. The stock’s 50 day moving average price is $15.61 and its 200-day moving average price is $15.39.

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

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.