Harvest Fund Management Co. Ltd Acquires New Shares in Carnival Co. & plc (NYSE:CCL)

Harvest Fund Management Co. Ltd purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,611 shares of the company’s stock, valued at approximately $165,000.

A number of other large investors also recently added to or reduced their stakes in the company. Xponance Inc. lifted its stake in Carnival Co. & by 9.2% during the fourth quarter. Xponance Inc. now owns 149,337 shares of the company’s stock worth $3,721,000 after purchasing an additional 12,626 shares in the last quarter. Intech Investment Management LLC lifted its stake in Carnival Co. & by 1,063.0% during the fourth quarter. Intech Investment Management LLC now owns 118,567 shares of the company’s stock worth $2,955,000 after purchasing an additional 108,372 shares in the last quarter. Horizon Investments LLC lifted its stake in Carnival Co. & by 9.3% during the fourth quarter. Horizon Investments LLC now owns 14,986 shares of the company’s stock worth $373,000 after purchasing an additional 1,273 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Carnival Co. & by 2.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company’s stock worth $1,366,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Sovereign Investment Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter worth $342,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Wells Fargo & Company upped their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Loop Capital initiated coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $21.02 on Friday. The stock’s 50-day moving average is $24.19 and its two-hundred day moving average is $22.99. The firm has a market cap of $24.47 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. Analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.