Securian Asset Management Inc. Acquires 1,925 Shares of Carnival Co. & plc (NYSE:CCL)

Posted by on Apr 26th, 2023

Securian Asset Management Inc. boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL – Get Rating) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,328 shares of the company’s stock after buying an additional 1,925 shares during the period. Securian Asset Management Inc.’s holdings in Carnival Co. & were worth $664,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its stake in Carnival Co. & by 0.4% during the first quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock valued at $3,826,000 after buying an additional 803 shares during the period. Ronald Blue Trust Inc. lifted its stake in Carnival Co. & by 4.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 22,159 shares of the company’s stock worth $155,000 after purchasing an additional 969 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Carnival Co. & by 10.4% during the third quarter. Global Retirement Partners LLC now owns 12,836 shares of the company’s stock worth $116,000 after purchasing an additional 1,214 shares during the last quarter. Profund Advisors LLC lifted its stake in Carnival Co. & by 8.7% during the fourth quarter. Profund Advisors LLC now owns 15,993 shares of the company’s stock worth $129,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Carnival Co. & by 7.7% during the third quarter. Sequoia Financial Advisors LLC now owns 19,083 shares of the company’s stock worth $134,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors own 49.87% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 107,119 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $11.08, for a total transaction of $1,186,878.52. Following the completion of the transaction, the chief financial officer now owns 286,041 shares in the company, valued at $3,169,334.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com began coverage on Carnival Co. & in a report on Thursday, March 16th. They set a “sell” rating on the stock. Macquarie increased their target price on Carnival Co. & from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, April 5th. Wells Fargo & Company upgraded Carnival Co. & from an “underweight” rating to an “equal weight” rating and set a $9.00 price target on the stock in a research note on Tuesday, March 28th. Citigroup raised their price target on Carnival Co. & from $9.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 31st. Finally, Morgan Stanley raised their price target on Carnival Co. & from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 10th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.58.

Carnival Co. & Trading Down 3.4 %

CCL opened at $8.96 on Wednesday. The firm has a market cap of $10.00 billion, a P/E ratio of -2.20 and a beta of 2.22. Carnival Co. & plc has a 12 month low of $6.11 and a 12 month high of $18.88. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 5.30. The stock has a 50-day moving average of $10.03 and a 200 day moving average of $9.57.

Carnival Co. & (NYSE:CCL – Get Rating) last released its quarterly earnings results on Monday, March 27th. The company reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.05. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.30 billion. Carnival Co. & had a negative return on equity of 57.75% and a negative net margin of 32.68%. The firm’s revenue was up 173.1% on a year-over-year basis. During the same quarter last year, the business posted ($1.65) earnings per share. As a group, research analysts forecast that Carnival Co. & plc will post -0.3 EPS for the current year.

Carnival Co. & Profile

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

Receive News & Ratings for Carnival Co. & Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Co. & and related companies with MarketBeat.com's FREE daily email newsletter.