Allspring Global Investments Holdings LLC Decreases Stake in Carnival Co. & plc (NYSE:CCL)

Allspring Global Investments Holdings LLC lowered its position in Carnival Co. & plc (NYSE:CCL) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,934 shares of the company’s stock after selling 1,948 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Carnival Co. & were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Hanseatic Management Services Inc. bought a new stake in Carnival Co. & during the third quarter worth approximately $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares during the period. First Horizon Advisors Inc. boosted its stake in Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock valued at $38,000 after buying an additional 2,004 shares in the last quarter. Stonebridge Capital Advisors LLC grew its holdings in Carnival Co. & by 100.1% during the third quarter. Stonebridge Capital Advisors LLC now owns 2,999 shares of the company’s stock worth $41,000 after acquiring an additional 1,500 shares during the period. Finally, Planned Solutions Inc. bought a new stake in Carnival Co. & in the fourth quarter worth about $41,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of several research reports. Macquarie raised their price objective 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 raised Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Friday, January 5th. Truist Financial increased their price objective on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Barclays lifted their target price on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group started coverage on Carnival Co. & in a report on Wednesday, March 13th. They set a “buy” rating and a $20.00 target price for the company. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $14.79 on Wednesday. Carnival Co. & plc has a fifty-two week low of $8.70 and a fifty-two week high of $19.74. The stock’s 50-day moving average is $15.58 and its two-hundred day moving average is $15.44. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The firm has a market cap of $16.60 billion, a P/E ratio of 56.88 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The firm 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 revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.55) earnings per share. Analysts predict that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the firm’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 value 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 approximately $2,797,047.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.