Sentry Investment Management LLC Has $105,000 Stock Position in Carnival Co. & plc (NYSE:CCL)

Sentry Investment Management LLC decreased its stake in Carnival Co. & plc (NYSE:CCL) by 14.0% in the fourth quarter, HoldingsChannel reports. The firm owned 4,214 shares of the company’s stock after selling 686 shares during the period. Sentry Investment Management LLC’s holdings in Carnival Co. & were worth $105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CCL. Mizuho Securities USA LLC boosted its position in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the period. State Street Corp lifted its stake in Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Carnival Co. & by 718.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after acquiring an additional 1,901,224 shares in the last quarter. Holocene Advisors LP purchased a new stake in Carnival Co. & in the 3rd quarter worth about $26,806,000. Finally, Verition Fund Management LLC lifted its stake in Carnival Co. & by 115.0% in the 3rd quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock worth $44,436,000 after acquiring an additional 1,286,054 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CCL. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Barclays increased their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Morgan Stanley increased their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective for the company. Finally, Wells Fargo & Company raised their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $24.12 on Thursday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market cap of $28.07 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 0.73 and a beta of 2.64. The business’s 50-day simple moving average is $25.54 and its 200-day simple moving average is $22.38. 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, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for 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 firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) EPS. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & 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.