Carnival Co. & plc (NYSE:CCL) Holdings Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 651,196 shares of the company’s stock after acquiring an additional 64,135 shares during the period. QRG Capital Management Inc.’s holdings in Carnival Co. & were worth $16,228,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Versor Investments LP bought a new position in Carnival Co. & in the fourth quarter worth about $855,000. Proficio Capital Partners LLC bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $3,000,000. Oppenheimer & Co. Inc. acquired a new position in shares of Carnival Co. & during the fourth quarter valued at approximately $448,000. New York Life Investment Management LLC increased its stake in shares of Carnival Co. & by 3.5% during the fourth quarter. New York Life Investment Management LLC now owns 139,925 shares of the company’s stock valued at $3,487,000 after acquiring an additional 4,797 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Carnival Co. & by 3.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 89,023 shares of the company’s stock valued at $2,218,000 after acquiring an additional 2,620 shares during the period. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Loop Capital assumed coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. The Goldman Sachs Group boosted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Morgan Stanley upped their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Down 2.5 %

Carnival Co. & stock opened at $23.51 on Friday. The firm has a fifty day moving average price of $25.51 and a two-hundred day moving average price of $22.39. The firm has a market cap of $27.36 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.73 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. As a group, analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.