New York State Common Retirement Fund reduced its position in Carnival Co. & plc (NYSE:CCL – Get Rating ) by 3.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 808,651 shares of the company’s stock after selling 27,524 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Carnival Co. and worth $16,351,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Mogy Joel R Investment Counsel Inc. bought a new stake in Carnival Co. stock. and during the fourth quarter valued at $28,000. Private Capital Group LLC raised its stake in shares of Carnival Co. and by 130.0% in the first quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock valued at $31,000 after buying an additional 859 shares during the period. Sierra Capital LLC raised its holdings in shares of Carnival Co. and by 1,304.3% in the first quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock valued at $33,000 after buying an additional 1,500 shares in the last quarter. Shore Point Advisors LLC acquired a new position in shares of Carnival Co. and during the fourth quarter worth approximately $40,000. Finally, City Holding Co. bought a new position in shares of Carnival Co. and during the fourth quarter worth about $41,000. Institutional investors own 65.38% of the company’s shares.
Analysts set new price targets
CCL has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on Carnival Co. and from $13.00 to $7.00 and set an “underweight” rating for the company in a research report on Wednesday, June 29th. UBS Group decreased their target price on shares of Carnival Co. and from $23.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 8th. Truist Financial decreased their price objective on shares of Carnival Co. and from $15.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, July 22nd. Citigroup dropped their target price on Carnival Co. and from $22.00 to $12.50 and set a “neutral” rating on the stock in a research report on Tuesday, June 28th. Finally, Barclays initiated coverage for Carnival Co. and in a research report on Tuesday, June 28th. They set an “overweight” rating and a $14.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.98.
Internal activity
In other news, Director Randall J. Weisenburger bought 100,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was bought at an average price of $11.76 per share, with a total value of $1,176,000.00. Following the purchase, the director now owns 870,950 shares in the company, valued at approximately $10,242,372. The purchase was disclosed in a filing with the Securities and Exchange Commission, which is accessible through this link. 12.50% of the shares are owned by company insiders.
Carnival Co. & Stock Performance
NYSE CCL opened at $9.82 on Friday. The stock has a market cap of $9.77 billion, a PE ratio of -1.22 and a beta of 2.08. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.61, and a current ratio of 0.64. The firm has a 50-day moving average of $10.17 and a 200-day moving average of $15.61. Carnival Co. & plc has a 52 week low of $8.10 and a 52 week high of $27.39.
Carnival Co. & (NYSE:CCL – Get Rating ) last announced its earnings results on Friday, June 24th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($0.50). Carnival Co. & had a negative return on equity of 67.51% and a negative net margin of 156.75%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted ($1.80) EPS. On average, sell-side analysts anticipate that Carnival Co. & plc will post -3.77 EPS for the current year.
Carnival Co. & Profiles
(Get rating)
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard brand names. The company also offers port destinations and other services, and owns and operates hotels, lodges, glass dome railways and buses.
Further reading
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