Carnival Co. & plc (NYSE:CCL) Shares Sold by Choreo LLC

Choreo LLC decreased its position in Carnival Co. & plc (NYSE:CCL) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,462 shares of the company’s stock after selling 1,444 shares during the quarter. Choreo LLC’s holdings in Carnival Co. & were worth $437,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CCL. Mizuho Securities USA LLC increased its stake in Carnival Co. & by 8,431.1% in the third 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 last quarter. International Assets Investment Management LLC increased its stake in Carnival Co. & by 2,400.1% in the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. State Street Corp increased its stake in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in Carnival Co. & in the third quarter valued at approximately $26,806,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the topic of several recent analyst reports. Barclays increased their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Bank of America raised their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Trading Up 1.1 %

NYSE CCL opened at $25.88 on Thursday. The company has a 50-day moving average of $25.76 and a 200-day moving average of $21.68. The company has a market cap of $30.13 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

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

About Carnival Co. &

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.