Kentucky Retirement Systems Cuts Position in Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems lessened its holdings in Carnival Co. & plc (NYSE:CCL) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,420 shares of the company’s stock after selling 957 shares during the period. Kentucky Retirement Systems’ holdings in Carnival Co. & were worth $1,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCL. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC boosted its stake in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter worth approximately $34,000. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Down 5.6 %

CCL stock opened at $23.19 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $26.99 billion, a PE ratio of 16.68, a PEG ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $22.18.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CCL shares. Barclays lifted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley boosted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Company 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.