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

Harbour Investments Inc. lowered its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 57.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,445 shares of the company’s stock after selling 15,696 shares during the period. Harbour Investments Inc.’s holdings in Carnival Co. & were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after buying an additional 2,301,906 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $53,636,000. Wedge Capital Management L L P NC raised its position in shares of Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after buying an additional 1,901,224 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Carnival Co. & in the third quarter valued at approximately $26,806,000. Finally, Verition Fund Management LLC raised its position in shares of Carnival Co. & by 115.0% in the third quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock valued at $44,436,000 after buying an additional 1,286,054 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

CCL has been the subject of a number of analyst reports. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Truist Financial boosted 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, Morgan Stanley boosted 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $21.02 on Friday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The business has a 50-day moving average of $24.19 and a 200-day moving average of $22.94. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $5.74 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Carnival Co. & Profile

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.