Carnival Co. & plc (NYSE:CCL) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD reduced its holdings in Carnival Co. & plc (NYSE:CCL) by 28.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,900 shares of the company’s stock after selling 45,300 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Carnival Co. & were worth $2,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after purchasing an additional 1,678 shares during the period. Illinois Municipal Retirement Fund raised its position in Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after acquiring an additional 203,710 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after purchasing an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC lifted its position in shares of Carnival Co. & by 54.4% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Carnival Co. & by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after purchasing an additional 223,195 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of research analyst reports. Mizuho raised their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 24th. The Goldman Sachs Group raised their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Finally, Citigroup decreased their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Stock Performance

CCL stock opened at $16.49 on Friday. 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. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The stock has a 50-day moving average price of $23.09 and a 200-day moving average price of $23.20. The firm has a market cap of $19.24 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter last year, the firm earned ($0.14) EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect 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.