TCW Group Inc. Boosts Stake in Carnival Co. & plc (NYSE:CCL)

TCW Group Inc. increased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,998 shares of the company’s stock after buying an additional 1,197 shares during the quarter. TCW Group Inc.’s holdings in Carnival Co. & were worth $262,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & in the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new stake in Carnival Co. & during the 4th quarter worth about $31,000. BNP Paribas purchased a new position in shares of Carnival Co. & during the 1st quarter valued at about $32,000. 1832 Asset Management L.P. lifted its holdings in shares of Carnival Co. & by 66.7% in the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after buying an additional 800 shares during the period. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Carnival Co. & in the first quarter worth about $34,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 1.8 %

Shares of CCL stock traded down $0.28 during trading on Friday, hitting $15.46. 23,514,039 shares of the stock traded hands, compared to its average volume of 30,559,762. The firm has a market capitalization of $17.35 billion, a P/E ratio of 23.78 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The firm’s fifty day moving average price is $16.80 and its 200-day moving average price is $15.94. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter last year, the firm earned ($0.31) earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, research analysts forecast that Carnival Co. & plc will post 1.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Truist Financial increased their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Wells Fargo & Company lifted their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. UBS Group increased their price target on Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Susquehanna reiterated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Carnival Co. & 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.