Rhumbline Advisers Sells 38,801 Shares of Carnival Co. & plc (NYSE:CCL)

Rhumbline Advisers decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,759,607 shares of the company’s stock after selling 38,801 shares during the quarter. Rhumbline Advisers’ holdings in Carnival Co. & were worth $43,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCL. Nisa Investment Advisors LLC grew 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 worth $4,384,000 after acquiring an additional 1,678 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after purchasing an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & during the third quarter worth approximately $1,140,000. Cerity Partners LLC increased its holdings in Carnival Co. & by 181.7% in the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after purchasing an additional 79,857 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new position in shares of Carnival Co. & during the 4th quarter worth approximately $315,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the topic of several recent research reports. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. 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 report on Monday, December 23rd. Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Loop Capital started coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Trading Up 1.3 %

NYSE CCL opened at $26.20 on Tuesday. The stock has a market cap of $30.50 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.82 and a beta of 2.64. The stock’s fifty day moving average price is $25.72 and its 200-day moving average price is $21.87. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

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