Candriam S.C.A. Acquires New Stake in Carnival Co. & plc (NYSE:CCL)

Candriam S.C.A. acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,604 shares of the company’s stock, valued at approximately $414,000.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC boosted its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the period. Ashton Thomas Securities LLC purchased a new position in Carnival Co. & during the 3rd quarter valued at $25,000. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & during the 4th quarter valued at $34,000. Assetmark Inc. raised its position in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Carnival Co. & during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 7.6 %

Shares of NYSE:CCL opened at $19.07 on Tuesday. The business’s 50-day moving average is $24.95 and its 200 day moving average is $22.80. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm has a market capitalization of $22.20 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CCL shares. Loop Capital started coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price for the company. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Barclays lifted their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Company 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.