891,351 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 891,351 shares of the company’s stock, valued at approximately $16,472,000.

A number of other hedge funds also recently modified their holdings of CCL. International Assets Investment Management LLC grew its holdings in shares of Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after buying an additional 2,889,785 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in Carnival Co. & during the 3rd quarter worth about $528,000. Signaturefd LLC grew its stake in Carnival Co. & by 6.2% during the 3rd quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock valued at $249,000 after acquiring an additional 785 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Carnival Co. & by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock valued at $506,000 after purchasing an additional 1,211 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CCL shares. Tigress Financial upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Barclays upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Mizuho upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Finally, Truist Financial lifted their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $23.53.

Carnival Co. & Price Performance

CCL stock opened at $20.91 on Friday. The stock has a market capitalization of $23.47 billion, a price-to-earnings ratio of 32.17 and a beta of 2.69. The company has a 50-day moving average of $18.19 and a two-hundred day moving average of $16.74. Carnival Co. & plc has a 52-week low of $10.95 and a 52-week high of $21.80. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current year.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.