Carnival Co. & plc (NYSE:CCL) Position Increased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 343.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 666,016 shares of the company’s stock after acquiring an additional 515,751 shares during the period. QRG Capital Management Inc. owned 0.06% of Carnival Co. & worth $10,883,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after acquiring an additional 559,038 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Carnival Co. & by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock worth $95,001,000 after acquiring an additional 844,014 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Carnival Co. & by 16.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock worth $87,094,000 after acquiring an additional 652,798 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after acquiring an additional 2,638,564 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Carnival Co. & during the fourth quarter worth about $40,236,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of several recent research reports. Macquarie upped their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Barclays raised their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Truist Financial lowered their target price on shares of Carnival Co. & from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, May 29th. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.83.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded up $0.86 during trading hours on Tuesday, hitting $19.18. 28,613,099 shares of the company’s stock traded hands, compared to its average volume of 31,063,518. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74. The company’s fifty day simple moving average is $16.30 and its two-hundred day simple moving average is $16.04. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 28.94 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period last year, the company posted ($0.31) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.

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.