Arrowstreet Capital Limited Partnership Acquires 877,694 Shares of Carnival Co. & plc (NYSE:CCL)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,649,543 shares of the company’s stock after purchasing an additional 877,694 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Carnival Co. & were worth $464,747,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after buying an additional 79,857 shares in the last quarter. Fisher Asset Management LLC bought a new position in Carnival Co. & during the third quarter worth $418,000. FMR LLC grew its holdings in Carnival Co. & by 3.2% in the third quarter. FMR LLC now owns 3,454,462 shares of the company’s stock worth $63,838,000 after purchasing an additional 107,481 shares during the period. Townsquare Capital LLC raised its holdings in shares of Carnival Co. & by 18.9% during the third quarter. Townsquare Capital LLC now owns 13,329 shares of the company’s stock valued at $246,000 after purchasing an additional 2,122 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in shares of Carnival Co. & by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 40,675 shares of the company’s stock worth $752,000 after purchasing an additional 1,396 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 $19.85 on Friday. The firm has a market capitalization of $23.15 billion, a PE ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. 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 company has a 50-day moving average price of $23.79 and a two-hundred day moving average price of $23.16. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

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

Analysts Set New Price Targets

CCL has been the topic of several recent research reports. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. StockNews.com raised Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, March 24th. Morgan Stanley increased their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.