Intech Investment Management LLC Purchases 108,372 Shares of Carnival Co. & plc (NYSE:CCL)

Intech Investment Management LLC increased its position in Carnival Co. & plc (NYSE:CCL) by 1,063.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,567 shares of the company’s stock after purchasing an additional 108,372 shares during the period. Intech Investment Management LLC’s holdings in Carnival Co. & were worth $2,955,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CCL. Horizon Investments LLC lifted its stake in Carnival Co. & by 9.3% during the 4th quarter. Horizon Investments LLC now owns 14,986 shares of the company’s stock valued at $373,000 after acquiring an additional 1,273 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Carnival Co. & by 2.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company’s stock valued at $1,366,000 after acquiring an additional 1,085 shares in the last quarter. Sovereign Investment Advisors LLC bought a new position in Carnival Co. & during the 4th quarter valued at $342,000. Corient Private Wealth LLC lifted its stake in Carnival Co. & by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 227,293 shares of the company’s stock valued at $5,664,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Carnival Co. & by 0.6% during the 4th quarter. Natixis Advisors LLC now owns 682,106 shares of the company’s stock valued at $16,998,000 after acquiring an additional 4,105 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Truist Financial raised their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. Wells Fargo & Company raised their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Mizuho raised their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Up 4.7 %

Shares of NYSE CCL opened at $21.08 on Thursday. The company has a market cap of $24.54 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business has a 50-day simple moving average of $24.31 and a two-hundred day simple moving average of $22.92. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS. Research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share 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.