Carnival Co. & plc (NYSE:CCL) Stock Holdings Boosted by Sei Investments Co.

Sei Investments Co. boosted its position in Carnival Co. & plc (NYSE:CCL) by 18.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,423,224 shares of the company’s stock after purchasing an additional 224,373 shares during the quarter. Sei Investments Co.’s holdings in Carnival Co. & were worth $26,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after buying an additional 3,741 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after buying an additional 103,501 shares during the period. Cetera Advisors LLC raised its position in shares of Carnival Co. & by 38.3% during the 1st quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after buying an additional 11,276 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Carnival Co. & by 114.8% in the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after acquiring an additional 95,828 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Carnival Co. & by 2.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock valued at $9,228,000 after acquiring an additional 14,569 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.73 on Wednesday. The company’s fifty day moving average is $16.59 and its two-hundred day moving average is $16.18. The company has a market cap of $21.02 billion, a P/E ratio of 28.82 and a beta of 2.68. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the previous year, the firm earned ($0.31) earnings per share. Carnival Co. &’s quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts expect that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCL has been the subject of a number of research analyst reports. Truist Financial upped their target price on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Argus upped their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Citigroup lifted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Carnival Co. & Company 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.