Louisiana State Employees Retirement System Makes New $1.13 Million Investment in Carnival Co. & plc (NYSE:CCL)

Louisiana State Employees Retirement System acquired a new position in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 60,900 shares of the company’s stock, valued at approximately $1,129,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Friedenthal Financial bought a new position in Carnival Co. & in the fourth quarter worth $28,000. Sapient Capital LLC bought a new position in shares of Carnival Co. & during the fourth quarter valued at $597,000. Cerity Partners LLC bought a new position in shares of Carnival Co. & during the fourth quarter valued at $330,000. Sequoia Financial Advisors LLC increased its holdings in shares of Carnival Co. & by 69.4% during the fourth 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. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Carnival Co. & by 59.1% during the fourth 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. Institutional investors own 67.19% of the company’s stock.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of Carnival Co. & 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 sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Susquehanna reduced their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday. Barclays lifted their price objective on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Truist Financial raised their target price on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Tigress Financial raised their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. One equities research 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. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Stock Up 3.6 %

NYSE CCL opened at $14.79 on Wednesday. The stock’s 50 day moving average is $15.58 and its 200 day moving average is $15.44. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a 12 month low of $8.70 and a 12 month high of $19.74. The stock has a market cap of $16.60 billion, a PE ratio of 56.88 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, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company 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) EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. Research analysts predict that Carnival Co. & plc will post 1.01 EPS 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.