Park Avenue Securities LLC Takes $458,000 Position in Carnival Co. & plc (NYSE:CCL)

Park Avenue Securities LLC bought a new position in Carnival Co. & plc (NYSE:CCL) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 28,042 shares of the company’s stock, valued at approximately $458,000.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Carnival Co. & by 35.1% during the third quarter. FMR LLC now owns 384,505 shares of the company’s stock worth $5,275,000 after acquiring an additional 99,886 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Carnival Co. & by 676.7% during the third quarter. Acadian Asset Management LLC now owns 11,402 shares of the company’s stock valued at $156,000 after purchasing an additional 9,934 shares in the last quarter. LPL Financial LLC grew its position in shares of Carnival Co. & by 16.5% during the third quarter. LPL Financial LLC now owns 837,694 shares of the company’s stock valued at $11,493,000 after purchasing an additional 118,408 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Carnival Co. & by 35.8% in the third quarter. Natixis Advisors L.P. now owns 41,260 shares of the company’s stock worth $566,000 after buying an additional 10,875 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Carnival Co. & by 49.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 18,365 shares of the company’s stock valued at $252,000 after buying an additional 6,064 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CCL shares. Macquarie upped their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Tigress Financial upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday. Susquehanna restated a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday. Finally, Truist Financial lowered their price target on shares of Carnival Co. & from $18.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Carnival Co. & Stock Performance

CCL stock opened at $18.72 on Friday. 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 $21.01 billion, a price-to-earnings ratio of 28.80 and a beta of 2.57. The business’s fifty day simple moving average is $15.64 and its two-hundred day simple moving average is $16.13. The company has a quick ratio of 0.32, 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 (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. Analysts predict that Carnival Co. & plc will post 1.19 earnings per share for the current year.

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.