Victory Capital Management Inc. Reduces Holdings in Carnival Co. & plc (NYSE:CCL)

Victory Capital Management Inc. reduced its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,997 shares of the company’s stock after selling 5,453 shares during the quarter. Victory Capital Management Inc.’s holdings in Carnival Co. & were worth $7,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after acquiring an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after buying an additional 203,710 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after buying an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock worth $1,002,000 after buying an additional 14,165 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after buying an additional 1,204,500 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target 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. Citigroup lifted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. Loop Capital began coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target for the company. 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Trading Up 4.2 %

Shares of CCL stock opened at $19.93 on Friday. The stock has a market cap of $23.20 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm’s 50 day moving average price is $24.52 and its two-hundred day moving average price is $22.80.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company 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 business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) earnings per share. On average, analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current 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.