175,000 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by Long Corridor Asset Management Ltd

Long Corridor Asset Management Ltd bought a new stake in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 175,000 shares of the company’s stock, valued at approximately $4,361,000. Carnival Co. & accounts for about 3.3% of Long Corridor Asset Management Ltd’s holdings, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCL. Nisa Investment Advisors LLC grew its stake in shares of Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after buying an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after acquiring an additional 203,710 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after purchasing an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after purchasing an additional 14,165 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Carnival Co. & by 181.7% in the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after buying an additional 79,857 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

CCL opened at $21.46 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The business’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $23.07. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its 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 company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Carnival Co. &’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Citigroup cut their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday. Finally, Mizuho lifted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.72.

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.