Thoroughbred Financial Services LLC Buys 1,800 Shares of Carnival Co. & plc (NYSE:CCL)

Thoroughbred Financial Services LLC increased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,632 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Carnival Co. & were worth $367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Carnival Co. & by 19.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock worth $95,001,000 after purchasing an additional 844,014 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Carnival Co. & by 8.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 57,826 shares of the company’s stock worth $1,072,000 after buying an additional 4,354 shares during the period. ING Groep NV lifted its stake in shares of Carnival Co. & by 3,887.1% during the 4th quarter. ING Groep NV now owns 11,762 shares of the company’s stock worth $218,000 after acquiring an additional 11,467 shares during the last quarter. Norges Bank purchased a new position in Carnival Co. & during the 4th quarter valued at $40,236,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in Carnival Co. & by 44.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 110,832 shares of the company’s stock valued at $2,055,000 after acquiring an additional 34,222 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 3.3 %

NYSE:CCL opened at $17.83 on Tuesday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The stock has a market capitalization of $20.01 billion, a P/E ratio of 27.43 and a beta of 2.68. The company’s 50-day simple moving average is $16.54 and its 200-day simple moving average is $16.07. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results 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. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the previous year, the company earned ($0.31) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCL. Susquehanna reiterated a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday, June 26th. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Argus boosted their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Truist Financial raised their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.25.

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.