Envestnet Asset Management Inc. Cuts Position in Carnival Co. & plc (NYSE:CCL)

Envestnet Asset Management Inc. lowered its position in shares of Carnival Co. & plc (NYSE:CCL) by 22.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 173,989 shares of the company’s stock after selling 50,908 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Carnival Co. & were worth $4,336,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Perennial Investment Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter valued at about $277,000. Mizuho Bank Ltd. purchased a new stake in shares of Carnival Co. & during the 4th quarter valued at about $46,000. Resona Asset Management Co. Ltd. acquired a new position in Carnival Co. & during the 4th quarter worth approximately $7,388,000. Atlas Capital Advisors Inc. purchased a new position in Carnival Co. & in the 4th quarter worth approximately $437,000. Finally, ExodusPoint Capital Management LP grew its position in Carnival Co. & by 785.4% in the fourth quarter. ExodusPoint Capital Management LP now owns 516,432 shares of the company’s stock valued at $12,869,000 after acquiring an additional 458,107 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.48 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $23.08. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a market cap of $21.56 billion, a PE ratio of 13.30, a P/E/G ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the firm earned ($0.14) EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BNP Paribas began coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They set an “outperform” rating and a $26.00 target price on the stock. Truist Financial boosted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Mizuho raised their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Citigroup cut their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Barclays reduced their price target on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $26.53.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.