Carnival Co. & plc (NYSE:CCL) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lessened its position in shares of Carnival Co. & plc (NYSE:CCL) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,153 shares of the company’s stock after selling 9,776 shares during the period. Mount Lucas Management LP’s holdings in Carnival Co. & were worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CCL. Hartford Investment Management Co. lifted its stake in Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after purchasing an additional 387 shares during the last quarter. Encompass Wealth Advisors LLC lifted its position in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after buying an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after buying an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after buying an additional 521 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Carnival Co. & Stock Performance

CCL opened at $20.62 on Monday. The business has a 50 day moving average price of $25.07 and a two-hundred day moving average price of $22.78. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $24.00 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 24.13% and a net margin of 7.66%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. Research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.