Teachers Retirement System of The State of Kentucky Trims Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Teachers Retirement System of The State of Kentucky lowered its position in Carnival Co. & plc (NYSE:CCL) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,051 shares of the company’s stock after selling 3,528 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Carnival Co. & were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. FMR LLC increased its holdings in shares of Carnival Co. & by 35.1% in the third quarter. FMR LLC now owns 384,505 shares of the company’s stock valued at $5,275,000 after purchasing an additional 99,886 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at approximately $172,000. Acadian Asset Management LLC increased its holdings in shares of Carnival Co. & by 676.7% in the third quarter. Acadian Asset Management LLC now owns 11,402 shares of the company’s stock valued at $156,000 after purchasing an additional 9,934 shares during the period. LPL Financial LLC increased its holdings in shares of Carnival Co. & by 16.5% in the third quarter. LPL Financial LLC now owns 837,694 shares of the company’s stock valued at $11,493,000 after purchasing an additional 118,408 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Carnival Co. & by 20.4% in the third quarter. Stifel Financial Corp now owns 828,846 shares of the company’s stock valued at $11,372,000 after purchasing an additional 140,258 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Mizuho assumed coverage on Carnival Co. & in a report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 target price on the stock. Susquehanna dropped their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Monday, March 25th. Tigress Financial upped their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Company upped their price objective on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, Stifel Nicolaus dropped their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.61.

Carnival Co. & Stock Up 0.1 %

Shares of NYSE:CCL opened at $16.07 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The stock’s fifty day simple moving average is $15.25 and its 200-day simple moving average is $16.12. The company has a market capitalization of $18.04 billion, a P/E ratio of 61.81 and a beta of 2.57.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the business earned ($0.55) earnings per share. The business’s revenue was up 22.0% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

Carnival Co. & 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.