Voleon Capital Management LP Takes Position in Carnival Co. & plc (NYSE:CCL)

Voleon Capital Management LP acquired a new position in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 238,401 shares of the company’s stock, valued at approximately $5,941,000.

Other hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC raised its position in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the fourth quarter valued at $34,000. Millstone Evans Group LLC purchased a new stake in Carnival Co. & in the fourth quarter valued at $34,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at $42,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the third quarter valued at $46,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Down 0.8 %

Shares of NYSE CCL opened at $18.71 on Wednesday. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business has a 50-day moving average of $19.83 and a two-hundred day moving average of $23.08. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CCL shares. Mizuho lifted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Citigroup dropped their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 24th. BNP Paribas started coverage on Carnival Co. & in a research note on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Finally, Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.53.

About Carnival Co. &

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.