21,348 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Keynote Financial Services LLC

Keynote Financial Services LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,348 shares of the company’s stock, valued at approximately $349,000.

Several other institutional investors have also recently added to or reduced their stakes in CCL. Point72 Asset Management L.P. lifted its stake in 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 purchasing an additional 2,638,564 shares during the last quarter. Norges Bank purchased a new stake in Carnival Co. & during the fourth quarter worth approximately $40,236,000. Goldentree Asset Management LP purchased a new stake in Carnival Co. & during the first quarter worth approximately $31,917,000. International Assets Investment Management LLC lifted its stake in Carnival Co. & by 1,589.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after buying an additional 1,683,434 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Carnival Co. & in the first quarter valued at approximately $27,302,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL stock traded down $0.96 on Friday, reaching $14.80. 44,420,021 shares of the company’s stock were exchanged, compared to its average volume of 26,713,284. The stock has a fifty day moving average of $17.04 and a 200-day moving average of $16.07. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74. The firm has a market cap of $16.61 billion, a PE ratio of 22.77 and a beta of 2.68. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CCL. Susquehanna reiterated a “positive” rating and issued a $22.00 price objective on shares of Carnival Co. & in a research note on Wednesday, June 26th. UBS Group boosted their price objective on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. boosted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Truist Financial boosted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.11.

Carnival Co. & 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.