Olympiad Research LP Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Olympiad Research LP purchased a new position in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,285 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its stake in shares of Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. State Street Corp raised its stake in shares of Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Carnival Co. & in the third quarter worth about $26,806,000. Finally, Verition Fund Management LLC raised its stake in shares of Carnival Co. & by 115.0% in the third quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock worth $44,436,000 after purchasing an additional 1,286,054 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Down 5.6 %

Carnival Co. & stock opened at $23.19 on Monday. The stock has a market capitalization of $26.99 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The business has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $22.24. 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. & (NYSE:CCL) last posted 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 analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) earnings per share. On average, analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on CCL shares. Truist Financial raised their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Loop Capital assumed coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target for the company. Finally, Sanford C. Bernstein assumed coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Company Profile

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.