Arrowstreet Capital Limited Partnership Has $464.75 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,649,543 shares of the company’s stock after purchasing an additional 877,694 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.60% of Carnival Co. & worth $464,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CCL. Allstate Corp acquired a new position in Carnival Co. & in the 4th quarter valued at about $767,000. DnB Asset Management AS grew its position in shares of Carnival Co. & by 5.1% in the fourth quarter. DnB Asset Management AS now owns 184,843 shares of the company’s stock valued at $4,606,000 after purchasing an additional 9,033 shares during the last quarter. denkapparat Operations GmbH bought a new position in shares of Carnival Co. & during the fourth quarter worth approximately $233,000. Nomura Asset Management Co. Ltd. lifted its holdings in Carnival Co. & by 5.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 312,641 shares of the company’s stock worth $7,791,000 after purchasing an additional 17,311 shares during the last quarter. Finally, Norges Bank bought a new stake in Carnival Co. & in the 4th quarter valued at $59,486,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Stifel Nicolaus increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Trading Down 4.5 %

CCL opened at $19.85 on Friday. The company’s 50 day moving average price is $23.79 and its two-hundred day moving average price is $23.16. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week 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 posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) earnings per share. As a group, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Carnival Co. & 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.