Harvest Fund Management Co. Ltd Takes Position in Carnival Co. & plc (NYSE:CCL)

Harvest Fund Management Co. Ltd acquired a new stake 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. The fund acquired 6,611 shares of the company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Xponance Inc. lifted its holdings in shares of Carnival Co. & by 9.2% in the 4th quarter. Xponance Inc. now owns 149,337 shares of the company’s stock valued at $3,721,000 after buying an additional 12,626 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Carnival Co. & by 1,063.0% in the 4th quarter. Intech Investment Management LLC now owns 118,567 shares of the company’s stock valued at $2,955,000 after buying an additional 108,372 shares during the period. Horizon Investments LLC increased its stake in shares of Carnival Co. & by 9.3% in the 4th quarter. Horizon Investments LLC now owns 14,986 shares of the company’s stock valued at $373,000 after purchasing an additional 1,273 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Carnival Co. & by 2.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Sovereign Investment Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $342,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Morgan Stanley lifted their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Stifel Nicolaus cut their price target on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group lifted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Truist Financial lifted their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Trading Down 0.9 %

Shares of Carnival Co. & stock opened at $21.02 on Friday. The stock has a market cap of $24.47 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66. The stock’s 50 day simple moving average is $24.19 and its 200-day simple moving average is $22.99. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. 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 released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. 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 prior year, the firm posted ($0.14) earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. 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.