Handelsbanken Fonder AB Acquires 21,437 Shares of Carnival Co. & plc (NYSE:CCL)

Posted by Defense World Staff on Jul 21st, 2023

Handelsbanken Fonder AB boosted its holdings in Carnival Co. & plc (NYSE:CCL – Free Report) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,444 shares of the company’s stock after purchasing an additional 21,437 shares during the period. Handelsbanken Fonder AB’s holdings in Carnival Co. & were worth $4,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Vanguard Group Inc. raised its stake in shares of Carnival Co. & by 19.5% during the 3rd quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company’s stock worth $768,036,000 after purchasing an additional 17,815,226 shares in the last quarter. Two Sigma Advisers LP raised its position in Carnival Co. & by 1,460.4% during the fourth quarter. Two Sigma Advisers LP now owns 8,774,100 shares of the company’s stock worth $70,719,000 after acquiring an additional 8,211,800 shares in the last quarter. Marshall Wace LLP lifted its stake in Carnival Co. & by 213.2% in the fourth quarter. Marshall Wace LLP now owns 7,137,625 shares of the company’s stock valued at $57,529,000 after acquiring an additional 4,858,876 shares during the last quarter. Earnest Partners LLC grew its position in shares of Carnival Co. & by 30.5% in the 4th quarter. Earnest Partners LLC now owns 6,482,330 shares of the company’s stock valued at $52,248,000 after acquiring an additional 1,513,719 shares during the period. Finally, Norges Bank bought a new stake in shares of Carnival Co. & in the 4th quarter valued at about $10,689,000. 61.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CCL shares. Susquehanna lifted their price target on Carnival Co. & from $11.00 to $17.00 in a report on Tuesday, June 27th. Tigress Financial increased their price target on Carnival Co. & from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Macquarie lifted their price objective on shares of Carnival Co. & from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 5th. Citigroup upped their price objective on shares of Carnival Co. & from $18.00 to $20.00 in a report on Wednesday, June 28th. Finally, Truist Financial raised their target price on shares of Carnival Co. & from $11.00 to $16.00 and gave the stock a “sell” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.85.

Carnival Co. & Stock Down 2.8 %

Shares of NYSE CCL opened at $17.65 on Friday. Carnival Co. & plc has a 52 week low of $6.11 and a 52 week high of $19.55. The stock’s fifty day moving average is $14.79 and its 200 day moving average is $11.75. The company has a debt-to-equity ratio of 5.44, a quick ratio of 0.49 and a current ratio of 0.52. The stock has a market capitalization of $19.76 billion, a P/E ratio of -6.33 and a beta of 2.39.

Carnival Co. & (NYSE:CCL – Get Free Report) last issued its quarterly earnings results on Monday, June 26th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.03. Carnival Co. & had a negative net margin of 19.83% and a negative return on equity of 41.35%. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.79 billion. During the same quarter in the prior year, the firm posted ($1.64) EPS. The firm’s quarterly revenue was up 104.5% on a year-over-year basis. Sell-side analysts forecast that Carnival Co. & plc will post -0.14 earnings per share for the current fiscal year.

About Carnival Co. &

(Free Report)

Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names.