Intech Investment Management LLC Cuts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Intech Investment Management LLC cut its stake in shares of Carnival Co. & plc (NYSE:CCL) by 93.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,195 shares of the company’s stock after selling 139,341 shares during the quarter. Intech Investment Management LLC’s holdings in Carnival Co. & were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CCL. XTX Topco Ltd grew its position in Carnival Co. & by 188.5% in the second quarter. XTX Topco Ltd now owns 66,976 shares of the company’s stock worth $1,254,000 after acquiring an additional 43,757 shares in the last quarter. Riverview Capital Advisers LLC raised its holdings in shares of Carnival Co. & by 1.9% during the 2nd quarter. Riverview Capital Advisers LLC now owns 70,074 shares of the company’s stock valued at $1,312,000 after buying an additional 1,334 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Carnival Co. & in the second quarter worth approximately $2,570,000. Hsbc Holdings PLC raised its stake in shares of Carnival Co. & by 17.3% during the second quarter. Hsbc Holdings PLC now owns 1,686,707 shares of the company’s stock worth $31,521,000 after acquiring an additional 249,058 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Carnival Co. & by 13.4% in the 2nd quarter. Blair William & Co. IL now owns 20,944 shares of the company’s stock worth $392,000 after acquiring an additional 2,483 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Mizuho increased their price objective on Carnival Co. & from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Truist Financial lifted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Citigroup upped their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, Susquehanna reissued a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.63.

Carnival Co. & Trading Down 0.7 %

NYSE CCL opened at $18.54 on Monday. The firm has a market capitalization of $20.81 billion, a PE ratio of 28.52 and a beta of 2.68. The stock’s 50 day moving average is $16.59 and its 200 day moving average is $16.23. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

About Carnival Co. &

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.