New Century Financial Group LLC Raises Stake in Carnival Co. & plc (NYSE:CCL)

New Century Financial Group LLC boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 9.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,782 shares of the company’s stock after buying an additional 5,930 shares during the quarter. New Century Financial Group LLC’s holdings in Carnival Co. & were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCL. Vanguard Group Inc. boosted its stake in shares of Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after buying an additional 559,038 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Carnival Co. & in the second quarter valued at approximately $466,838,000. Marshall Wace LLP boosted its position in Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Carnival Co. & by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after purchasing an additional 473,848 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Bank of America raised their target price on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Truist Financial upped their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.63.

Carnival Co. & Stock Performance

CCL opened at $18.49 on Tuesday. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74. The firm has a market capitalization of $20.75 billion, a PE ratio of 28.45 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The firm’s 50-day moving average price is $16.60 and its 200 day moving average price is $16.24.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.21 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.