Carnival Co. & plc (NYSE:CCL) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 57.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,445 shares of the company’s stock after selling 15,696 shares during the quarter. Harbour Investments Inc.’s holdings in Carnival Co. & were worth $285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCL. State Street Corp grew its position in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Carnival Co. & during the 4th quarter worth $53,636,000. Wedge Capital Management L L P NC grew its position in Carnival Co. & by 718.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Holocene Advisors LP purchased a new position in Carnival Co. & during the 3rd quarter worth $26,806,000. Finally, Verition Fund Management LLC grew its position in Carnival Co. & by 115.0% during the 3rd quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock worth $44,436,000 after purchasing an additional 1,286,054 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Down 0.9 %

Shares of NYSE CCL opened at $21.02 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The firm has a 50-day moving average price of $24.19 and a 200 day moving average price of $22.94. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) earnings per share. Equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CCL. Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company lifted their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $26.89.

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.