PKO Investment Management Joint Stock Co Increases Position in Carnival Co. & plc (NYSE:CCL)

PKO Investment Management Joint Stock Co increased its holdings in Carnival Co. & plc (NYSE:CCL) by 11.1% during the 1st quarter, HoldingsChannel reports. The fund owned 100,000 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Carnival Co. & were worth $1,953,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Measured Risk Portfolios Inc. acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at about $29,000. Orion Capital Management LLC acquired a new stake in Carnival Co. & during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC bought a new position in Carnival Co. & during the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $42,000. Finally, Mizuho Bank Ltd. bought a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 6.4%

Shares of CCL stock opened at $23.83 on Tuesday. The firm has a fifty day moving average of $21.06 and a 200-day moving average of $22.89. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.73 and a beta of 2.58. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Northcoast Research began coverage on shares of Carnival Co. & in a report on Friday, April 25th. They set a “neutral” rating on the stock. HSBC raised shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 price objective for the company in a research report on Friday, May 16th. Citigroup raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. Barclays lowered their target price on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial cut their price target on Carnival Co. & from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, May 19th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.58.

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.