Mizuho Securities USA LLC Boosts Stock Position in Carnival Co. & plc (NYSE:CCL)

Mizuho Securities USA LLC grew its holdings in Carnival Co. & plc (NYSE:CCL) by 8,431.1% during the third quarter, HoldingsChannel.com reports. The firm owned 6,644,000 shares of the company’s stock after acquiring an additional 6,566,120 shares during the quarter. Mizuho Securities USA LLC’s holdings in Carnival Co. & were worth $122,781,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the third quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in Carnival Co. & during the second quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new position in Carnival Co. & in the second quarter worth $30,000. Assetmark Inc. increased its position in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial upped their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Mizuho increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Stifel Nicolaus boosted their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Macquarie upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.78.

Carnival Co. & Stock Performance

NYSE:CCL opened at $24.29 on Friday. The company has a fifty day moving average of $20.31 and a two-hundred day moving average of $17.64. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $24.99. The stock has a market capitalization of $28.03 billion, a PE ratio of 21.69 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. As a group, research analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

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.