Carnival Co. & plc (NYSE:CCL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 411,438 shares of the company’s stock after selling 34,000 shares during the period. New York State Common Retirement Fund’s holdings in Carnival Co. & were worth $10,253,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the 3rd quarter valued at $25,000. Crewe Advisors LLC increased its stake in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. Assetmark Inc. increased its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & during the fourth quarter worth about $34,000. Finally, Morse Asset Management Inc acquired a new stake in Carnival Co. & in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 1.7 %

NYSE CCL opened at $23.62 on Tuesday. The stock has a market cap of $27.50 billion, a P/E ratio of 17.00, a PEG ratio of 0.73 and a beta of 2.64. The company’s fifty day simple moving average is $25.59 and its 200-day simple moving average is $22.30. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CCL shares. Barclays increased their price objective 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. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Loop Capital initiated coverage on Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. Finally, Sanford C. Bernstein began coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.