Cantor Fitzgerald L. P. Cuts Position in Carnival Co. & plc (NYSE:CCL)

Cantor Fitzgerald L. P. lessened its holdings in Carnival Co. & plc (NYSE:CCL) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,976 shares of the company’s stock after selling 5,670 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Carnival Co. & were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Carnival Co. & by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock valued at $95,001,000 after buying an additional 844,014 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Carnival Co. & by 16.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock valued at $87,094,000 after buying an additional 652,798 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after buying an additional 2,638,564 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Carnival Co. & by 117.5% during the third quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock valued at $48,000,000 after buying an additional 1,890,081 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Carnival Co. & by 1.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,164,728 shares of the company’s stock valued at $43,420,000 after buying an additional 44,972 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of Carnival Co. & in a report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price target on the stock. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Barclays increased their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Truist Financial lowered their price objective on shares of Carnival Co. & from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, May 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.61.

Carnival Co. & Stock Up 2.4 %

Shares of CCL stock opened at $16.74 on Thursday. The company has a market capitalization of $18.79 billion, a price-to-earnings ratio of 64.38 and a beta of 2.57. Carnival Co. & plc has a one year low of $10.84 and a one year high of $19.74. The company’s fifty day moving average price is $15.13 and its 200-day moving average price is $16.10. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm earned ($0.55) EPS. Sell-side analysts expect that Carnival Co. & plc will post 1.01 EPS for the current fiscal year.

Carnival Co. & Profile

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.