Synovus Financial Corp Has $249,000 Position in Carnival Co. & plc (NYSE:CCL)

Synovus Financial Corp grew its stake in Carnival Co. & plc (NYSE:CCL) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,456 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Synovus Financial Corp’s holdings in Carnival Co. & were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Carnival Co. & in the 2nd quarter valued at about $466,838,000. Marshall Wace LLP grew its position in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the period. Renaissance Technologies LLC lifted its holdings in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after purchasing an additional 2,889,785 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE:CCL opened at $24.82 on Thursday. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $27.17. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The stock’s 50-day simple moving average is $23.81 and its 200 day simple moving average is $19.38. The firm has a market capitalization of $28.65 billion, a PE ratio of 22.16 and a beta of 2.67.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCL. The Goldman Sachs Group lifted their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Macquarie increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Truist Financial lifted their price target on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Stifel Nicolaus increased their price target on Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $26.62.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s 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 sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.00% of the company’s stock.

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.