Riverview Capital Advisers LLC Decreases Stake in Carnival Co. & plc (NYSE:CCL)

Riverview Capital Advisers LLC lessened its position in shares of Carnival Co. & plc (NYSE:CCL) by 37.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,316 shares of the company’s stock after selling 29,950 shares during the quarter. Riverview Capital Advisers LLC’s holdings in Carnival Co. & were worth $1,229,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock worth $627,053,000 after buying an additional 1,201,256 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Carnival Co. & by 4.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after acquiring an additional 877,694 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Carnival Co. & by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock valued at $450,977,000 after purchasing an additional 2,720,096 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $22.98 on Thursday. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The firm has a 50 day moving average of $19.29 and a 200 day moving average of $23.01. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CCL shares. Barclays lowered their price target on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Truist Financial raised their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Stifel Nicolaus upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Finally, Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $26.83.

Carnival Co. & Profile

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.