Skandinaviska Enskilda Banken AB publ Purchases 39,000 Shares of Carnival Co. & plc (NYSE:CCL)

Skandinaviska Enskilda Banken AB publ boosted its position in Carnival Co. & plc (NYSE:CCL) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 258,960 shares of the company’s stock after acquiring an additional 39,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Carnival Co. & were worth $6,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. lifted its stake in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Carnival Co. & by 25.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock worth $374,000 after acquiring an additional 4,062 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Carnival Co. & by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,490,686 shares of the company’s stock valued at $46,028,000 after purchasing an additional 28,403 shares during the last quarter. Kovack Advisors Inc. increased its holdings in Carnival Co. & by 18.4% during the 3rd quarter. Kovack Advisors Inc. now owns 13,377 shares of the company’s stock worth $247,000 after purchasing an additional 2,078 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in shares of Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after purchasing an additional 621 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $19.93 on Friday. The firm has a 50-day moving average price of $24.52 and a 200-day moving average price of $22.84. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $23.20 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the business earned ($0.07) EPS. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. Equities analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CCL. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Morgan Stanley raised their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus dropped their target price on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Truist Financial boosted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

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.