Carnival Co. & plc (NYSE:CCL) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in shares of Carnival Co. & plc (NYSE:CCL) by 29.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 64,583 shares of the company’s stock after purchasing an additional 14,832 shares during the period. NEOS Investment Management LLC’s holdings in Carnival Co. & were worth $1,609,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after acquiring an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after purchasing an additional 203,710 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC lifted its stake in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after buying an additional 14,165 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after buying an additional 79,857 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CCL opened at $19.85 on Friday. 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 1-year low of $13.78 and a 1-year high of $28.72. The firm has a market capitalization of $23.15 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. The business’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $23.16.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCL. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. BNP Paribas began coverage on shares of Carnival Co. & in a research note on Thursday. They set an “outperform” rating and a $26.00 price target on the stock. Truist Financial boosted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Loop Capital reduced their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.89.

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.