New York Life Investment Management LLC Reduces Stake in Carnival Co. & plc (NYSE:CCL)

New York Life Investment Management LLC lessened its holdings in Carnival Co. & plc (NYSE:CCL) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,697 shares of the company’s stock after selling 1,020 shares during the quarter. New York Life Investment Management LLC’s holdings in Carnival Co. & were worth $2,664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCL. Waycross Partners LLC raised its holdings in shares of Carnival Co. & by 100.0% during the fourth quarter. Waycross Partners LLC now owns 80,000 shares of the company’s stock worth $1,483,000 after purchasing an additional 40,000 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Carnival Co. & by 179.3% in the 4th quarter. Russell Investments Group Ltd. now owns 309,707 shares of the company’s stock valued at $5,744,000 after buying an additional 198,824 shares during the period. Truist Financial Corp boosted its stake in shares of Carnival Co. & by 16.7% in the fourth quarter. Truist Financial Corp now owns 60,227 shares of the company’s stock worth $1,117,000 after buying an additional 8,608 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in Carnival Co. & during the fourth quarter worth about $733,000. Finally, Stevens Capital Management LP purchased a new position in Carnival Co. & during the fourth quarter valued at approximately $364,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CCL shares. Susquehanna lowered their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Monday, March 25th. Truist Financial raised their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. Argus decreased their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 1st. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Stifel Nicolaus cut their price target on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $21.47.

Insider Buying and Selling at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.00% of the stock is owned by corporate insiders.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $14.44 on Monday. The firm has a market cap of $16.21 billion, a PE ratio of 55.54 and a beta of 2.53. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a 52 week low of $9.21 and a 52 week high of $19.74. The business’s fifty day simple moving average is $15.55 and its 200-day simple moving average is $15.58.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. Carnival Co. &’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.55) earnings per share. Equities analysts forecast that Carnival Co. & plc will post 1.02 earnings per share 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.