Mirae Asset Global Investments Co. Ltd. Has $2.74 Million Stake in Carnival Co. & plc (NYSE:CCL)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,632 shares of the company’s stock after buying an additional 1,521 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Carnival Co. & were worth $2,737,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacific Center for Financial Services bought a new stake in Carnival Co. & during the first quarter worth $29,000. Hanseatic Management Services Inc. bought a new stake in Carnival Co. & during the third quarter worth $30,000. Massmutual Trust Co. FSB ADV lifted its stake in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its stake in Carnival Co. & by 100.1% during the third quarter. Stonebridge Capital Advisors LLC now owns 2,999 shares of the company’s stock worth $41,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $14.18 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The business has a 50-day moving average price of $15.64 and a two-hundred day moving average price of $15.39. Carnival Co. & plc has a 1-year low of $8.70 and a 1-year high of $19.74. The company has a market cap of $15.91 billion, a P/E ratio of 54.54 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the business posted ($0.55) EPS. The business’s revenue was up 22.0% compared to the same quarter last year. As a group, analysts anticipate that Carnival Co. & plc will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Carnival Co. & from $14.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, December 22nd. Stifel Nicolaus dropped 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. Tigress Financial increased their price target on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Finally, Argus dropped their price target on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.47.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.00% of the company’s stock.

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.