Vinva Investment Management Ltd Sells 18,975 Shares of Carnival Co. & plc (NYSE:CCL)

Vinva Investment Management Ltd lessened its holdings in Carnival Co. & plc (NYSE:CCL) by 2.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 862,947 shares of the company’s stock after selling 18,975 shares during the period. Carnival Co. & comprises approximately 0.8% of Vinva Investment Management Ltd’s holdings, making the stock its 16th biggest position. Vinva Investment Management Ltd owned approximately 0.07% of Carnival Co. & worth $21,752,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its stake in Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund raised its stake in Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after acquiring an additional 203,710 shares during the period. Private Advisor Group LLC raised its stake in Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after acquiring an additional 18,269 shares during the period. Convergence Investment Partners LLC raised its stake in Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after acquiring an additional 14,165 shares during the period. Finally, Cerity Partners LLC raised its stake in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares during the period. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCL. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. The Goldman Sachs Group increased their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, Loop Capital began coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. 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 company. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Down 3.7 %

NYSE CCL opened at $20.12 on Wednesday. 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 company has a fifty day moving average of $24.38 and a two-hundred day moving average of $22.94. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the firm earned ($0.07) earnings per share. Carnival Co. &’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Carnival Co. & Company 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.