Semanteon Capital Management LP Purchases New Position in Carnival Co. & plc (NYSE:CCL)

Semanteon Capital Management LP purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 39,562 shares of the company’s stock, valued at approximately $733,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCL. Commonwealth Equity Services LLC boosted its position in Carnival Co. & by 7.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,044,828 shares of the company’s stock worth $55,495,000 after buying an additional 272,042 shares during the period. Deutsche Bank AG boosted its position in Carnival Co. & by 117.5% during the 3rd quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock worth $48,000,000 after buying an additional 1,890,081 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Carnival Co. & by 1.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,164,728 shares of the company’s stock worth $43,420,000 after buying an additional 44,972 shares during the period. Blackstone Inc. boosted its position in Carnival Co. & by 50.8% during the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after buying an additional 1,010,000 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Carnival Co. & by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 1,882,868 shares of the company’s stock worth $25,833,000 after purchasing an additional 82,869 shares during the period. 67.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CCL shares. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday. Mizuho began coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They set a “buy” rating and a $21.00 price target for the company. Macquarie increased their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Susquehanna lowered their target price on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. Finally, Truist Financial raised their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & Price Performance

Shares of CCL stock traded down $0.09 during trading hours on Friday, reaching $15.09. The stock had a trading volume of 20,446,324 shares, compared to its average volume of 31,717,680. The stock’s fifty day simple moving average is $15.57 and its 200 day simple moving average is $15.44. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a 12 month low of $8.72 and a 12 month high of $19.74. The firm has a market capitalization of $16.93 billion, a PE ratio of 58.00 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the business posted ($0.55) earnings per share. Carnival Co. &’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts predict that Carnival Co. & plc will post 1.02 EPS for the current year.

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.