Graham Capital Management L.P. Has $4.54 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Graham Capital Management L.P. grew its stake in Carnival Co. & plc (NYSE:CCL) by 29.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,997 shares of the company’s stock after buying an additional 40,884 shares during the quarter. Graham Capital Management L.P.’s holdings in Carnival Co. & were worth $4,535,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CCL. Wilmington Savings Fund Society FSB bought a new position in Carnival Co. & during the 3rd quarter worth about $87,000. Franklin Resources Inc. boosted its position in shares of Carnival Co. & by 8.5% during the third quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock worth $1,192,000 after buying an additional 4,601 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Carnival Co. & by 3.2% during the third quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock worth $21,463,000 after buying an additional 35,745 shares in the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at approximately $215,000. Finally, Graypoint LLC boosted its position in Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCL. StockNews.com lowered shares of Carnival Co. & from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Finally, BNP Paribas initiated coverage on Carnival Co. & in a research report on Thursday, March 27th. They set an “outperform” rating and a $26.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $20.18 on Friday. The firm has a market cap of $23.54 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The business’s 50 day moving average is $19.20 and its 200-day moving average is $22.97. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping 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 company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.