Carnival Co. & plc (NYSE:CCL) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,128 shares of the company’s stock after purchasing an additional 10,035 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Carnival Co. & were worth $5,862,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Point72 Asset Management L.P. lifted its position in shares of Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after acquiring an additional 2,638,564 shares in the last quarter. Norges Bank purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at $40,236,000. Goldentree Asset Management LP acquired a new stake in shares of Carnival Co. & in the first quarter worth $31,917,000. Canada Pension Plan Investment Board acquired a new position in Carnival Co. & during the first quarter valued at $27,302,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Carnival Co. & during the second quarter valued at $31,192,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $16.63 on Thursday. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The business has a 50-day moving average of $16.78 and a two-hundred day moving average of $15.94. The stock has a market capitalization of $18.67 billion, a P/E ratio of 25.58 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.31) earnings per share. On average, equities research analysts predict that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Argus lifted their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Bank of America upped their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Truist Financial lifted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Carnival Co. & Company 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.