Carnival Corporation and PLC have increased their stakes in the New York State Common Retirement Fund‍

It appears the New York State Common Retirement Fund's position in Carnival Co & plc (NYSE: CCL) stock has increased 11.7% in the third quarter, according to a disclosure to the Securities and Exchange Commission.

‍

As a result of the recent purchase of 92,841 shares of the company's stock by the institutional investor, the investor now owns 886,195 shares of the company.

‍

During that period, Carnival Co had a stock value of $6,230,000 and the New York State Common Retirement Fund owned 0.08% of the company.

‍

The proportion of company shares owned by important additional investors has recently changed considerably.

‍

Carnival Company was the latest target of Quantinno Capital Management LP. It spent close to $93,000 during the third quarter in order to purchase a new investment.

‍

A 45.3% share increase is reported in the third quarter of the company's fiscal year, 2017. Since the acquisition took place in the third quarter, Sumitomo Mitsui Financial Group INC has acquired a 45.3% stake in Carnival Company.

‍

A total of 109,328 shares were purchased by Sumitomo Mitsui Financial Group INC during the most recent fiscal quarter, increasing the stock holdings of the company by that amount.

‍

As a result, the company was valued at $1,000,000. Since the number of shares increased from 109,328 to $1,000,000, the company's total shares have increased from 109,328 to $1,000,000.

‍

Carnival Co's ownership stake increased by nearly $71,000 during the third quarter, according to Moors & Cabot INC.

‍

Over the course of the third quarter, KBC Group NV acquired an additional 3.4% of Carnival Company stock.

‍

Its direct ownership of the company now stands at 55,586 total shares after adding 1,838 shares in the last quarter.

‍

Taking the current market price into account, this company is worth $391,200.

‍

Finally, within Buckingham Strategic Wealth LLC's portfolio, Carnival Company and its shares increased their share count by 28.7% during the third quarter of 2018.

‍

In the most recent quarter, Buckingham Strategic Wealth LLC purchased an additional 3,228 shares for $102,000 each, bringing the total number of company shares to 14,485.

‍

A total of $102,000 was now owed by the company for its stock holdings.

‍

The company's shares are owned by hedge funds and other institutional investors to the tune of 49.87%.

Research organizations from a variety of fields contribute to the most recent issues of CCL reports.

‍

According to an investment strategy report published by Morgan Stanley on January 10, Carnival Corp.'s rating has been changed from "underweight" to "neutral."

‍

Accordingly, StockNews.com reaffirmed the recommendation that investors “sell” their Carnival shares on Thursday, December 22. As a result, they increased their target price from $6.00 to $7.00 for the company. In a research note published on Tuesday, December 6, JPMorgan Chase & Co maintained a "neutral" rating on Carnival Company shares and set a price objective of $13.00 for the shares.

‍

A price target was also set for the shares in the note.

‍

The company's research report, released on January 31, changed Citigroup's previous "neutral" rating to "overweight."

‍

As well as raising their price target from $9.00 to $13.00, they also decreased their price target for the stock.

‍

During its research note released on Thursday, October 27, Tigress Financial reaffirmed its "buy" rating for Carnival Company shares and set a $13.00 price target. According to six analysts, shares of the company should be bought, seven should be held, and five should be sold.

‍

Trade Algo says analysts have established a consensus price target of $11.71 for the company, based on the company's average rating of "Hold."

‍

Friday, the company's stock was offered for $11.16 a share.

‍

There are $12.43 billion in market capitalization and 2.22 beta values for the company.

‍

There is a 2.15-times underperformance in the price-to-earnings ratio.

‍

Carnival Company & Plc is currently trading at $23.64, its historical high, while it is trading at $6.11.

‍

At a ratio of 4.52 to 1, the short term debt to equity ratio is 0.67 to 1, while the current debt to equity ratio is 0.71 to 1.

‍

In the current market, the stock is trading at $9.67, greater than its 200-day moving average price of $9.42.

‍

Carnival Corporation released its latest quarterly earnings report on December 21 under the ticker symbol CCL on the New York Stock Exchange.

‍

Analysts' consensus estimate of $0.89 was $0.04 higher than the company's $0.85 earnings per share for the period.

‍

Carnival Company's net margin was assigned a negative value of 50.07 percent, and its return on equity was assigned a negative value of 64.76 percent.

‍

According to industry experts' consensus estimates, the company's quarterly sales reached $3.84 billion, down from $3.96 billion in the previous quarter.

‍

As predicted by analysts within the relevant industry, Carnival Corporation & Plc is expected to end the current fiscal year in a loss of $0.18 per share.

‍

The Carnival Corporation is one company that operates cruise ships. It has several divisions, including North America and Australia (NAA) Cruises, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tours. In addition to operating in North America, several cruise lines operate in Australia as well.

‍

Seabourn, Princess Cruises, Holland America Line, and Carnival Cruise Line are among these cruise lines.