Qube Research & Technologies Ltd bought a new stake in Carnival Co. & plc (NYSE:CCL – Get Rating ) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 396,695 shares of the company’s stock, valued at approximately $8,021,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CCL. Candlestick Capital Management LP boosted its holdings in Carnival Co. and by 26.3% in the fourth quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company’s stock worth $111,808,000 after purchasing an additional 1,157,058 shares during the last quarter. Sirios Capital Management LP raised its holdings in Carnival Co. & by 76.0% in the fourth quarter. Sirios Capital Management LP now owns 1,436,611 shares of the company’s stock valued at $28,905,000 after buying an additional 620,474 shares during the last quarter. Earnest Partners LLC boosted its holdings in Carnival Co. and by 13.2% in the fourth quarter. Earnest Partners LLC now owns 4,299,428 shares of the company’s stock valued at $86,504,000 after purchasing an additional 501,758 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Carnival Co. in the 1st quarter. and by 54.6% in the first quarter. Commonwealth Equity Services LLC now owns 1,239,905 shares of the company’s stock valued at $25,070,000 after buying an additional 438,135 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Carnival Co. and by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 14,682,847 shares of the company’s stock valued at $294,677,000 after buying an additional 399,545 shares during the last quarter. Hedge funds and other institutional investors own 65.38% of the company’s shares.
Internal activity at Carnival Co. &
In other Carnival Co. news, Director Randall J. Weisenburger acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were bought at an average cost of $11.76 per share, for a total transaction of $1,176,000.00. Following the transaction, the director now directly owns 870,950 shares in the company, valued at $10,242,372. The acquisition was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. 12.50% of the shares are owned by insiders.
Carnival Co. & Stock Increase 0.7%
Shares of Carnival Co. and stock opened at $9.82 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.61, and a debt-to-equity ratio of 3.54. The business’s 50-day simple moving average is $10.17 and its 200-day simple moving average is $15.54. Carnival Co. & plc has a twelve month low of $8.10 and a twelve month high of $27.39.
Carnival Co. & (NYSE:CCL – Get Rating ) last announced its quarterly 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter a year ago, the company posted ($1.80) earnings per share. As a group, equities research analysts expect that Carnival Co. & plc to post -3.75 EPS for the current year.
Wall Street analysts predict growth
A number of research analysts recently commented on CCL shares. Peel Hunt downgraded Carnival Co. & to a “buy” rating in report on Tuesday, June 28. Citigroup dropped their target price on Carnival Co. & from $22.00 to $12.50 and set a “neutral” rating on the stock in a report on Tuesday, June 28th. UBS Group decreased their target price on Carnival Co. and from $23.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, July 8th. HSBC dropped their target price on Carnival Co. and from $18.20 to $7.70 and set a “reduce” rating on the stock in a report on Tuesday, June 14th. Finally, Truist Financial decreased their target price on Carnival Co. and from $15.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, July 22nd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.98, according to data from MarketBeat.
About Carnival Co. &
(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.
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