Public Employees Retirement Association of Colorado Sells 4,016 Shares of Carnival Co. & plc (NYSE:CCL)

Public Employees Retirement Association of Colorado lessened its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,842 shares of the company’s stock after selling 4,016 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Carnival Co. & were worth $1,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCW Group Inc. bought a new stake in Carnival Co. & in the 4th quarter valued at $280,000. Empowered Funds LLC grew its stake in shares of Carnival Co. & by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after acquiring an additional 3,741 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after acquiring an additional 103,501 shares during the period. Cetera Advisors LLC raised its stake in Carnival Co. & by 38.3% in the 1st quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after purchasing an additional 11,276 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Carnival Co. & by 114.8% in the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock valued at $2,929,000 after purchasing an additional 95,828 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCL shares. Morgan Stanley lifted their price target on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Mizuho upped their target price on Carnival Co. & from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Stifel Nicolaus raised their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Finally, Susquehanna reissued a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

Carnival Co. & Price Performance

Shares of CCL opened at $18.97 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The stock has a market cap of $21.29 billion, a PE ratio of 29.18 and a beta of 2.68. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The business has a 50-day simple moving average of $16.60 and a two-hundred day simple moving average of $16.17.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same quarter last year, the business earned ($0.31) EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts anticipate that Carnival Co. & plc will post 1.19 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.