IFM Investors Pty Ltd Boosts Holdings in Carnival Co. & plc (NYSE:CCL)

IFM Investors Pty Ltd lifted its stake in Carnival Co. & plc (NYSE:CCL – Get Rating) by 19.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,881 shares of the company’s stock after buying an additional 20,820 shares during the period. IFM Investors Pty Ltd’s holdings in Carnival Co. & were worth $2,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Mogy Joel R Investment Counsel Inc. acquired a new stake in Carnival Co. & during the 4th quarter worth $28,000. Private Capital Group LLC boosted its stake in Carnival Co. & by 130.0% during the 1st quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock worth $31,000 after purchasing an additional 859 shares during the period. Sierra Capital LLC boosted its stake in Carnival Co. & by 1,304.3% during the 1st quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock worth $33,000 after purchasing an additional 1,500 shares during the period. Shore Point Advisors LLC acquired a new stake in Carnival Co. & during the 4th quarter worth $40,000. Finally, City Holding Co. acquired a new stake in Carnival Co. & during the 4th quarter worth $41,000. 65.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Carnival Co. & from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, June 27th. Truist Financial reduced their target price on shares of Carnival Co. & from $15.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, July 22nd. UBS Group reduced their target price on shares of Carnival Co. & from $23.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, July 8th. Citigroup reduced their target price on shares of Carnival Co. & from $22.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. Finally, Barclays initiated coverage on shares of Carnival Co. & in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $14.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.98.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Randall J. Weisenburger bought 100,000 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was purchased at an average cost of $11.76 per share, for a total transaction of $1,176,000.00. Following the acquisition, the director now owns 870,950 shares of the company’s stock, valued at approximately $10,242,372. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.50% of the stock is currently owned by insiders.

Carnival Co. & Price Performance

NYSE:CCL opened at $9.82 on Friday. 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 price of $10.17 and a two-hundred day moving average price of $15.61. 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 posted its earnings results on Friday, June 24th. The company reported ($1.64) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($0.50). Carnival Co. & had a negative net margin of 156.75% and a negative return on equity of 67.51%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business posted ($1.80) earnings per share. Analysts expect that Carnival Co. & plc will post -3.75 earnings per share for the current fiscal year.

About Carnival Co. &

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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 provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.