Carnival Co. & plc (NYSE:CCL) Stock Holdings Lowered by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Hartford Investment Management Co. increased its position in shares of Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after purchasing an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in Carnival Co. & by 23.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after buying an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after buying an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock worth $1,224,000 after acquiring an additional 521 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stifel Nicolaus upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, March 24th. Loop Capital reduced their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $25.00 to $21.00 in a research report on Thursday. Citigroup dropped their price objective 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. Finally, BNP Paribas initiated coverage on Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and an average target price of $26.84.

Carnival Co. & Stock Performance

Shares of CCL stock remained flat at $17.60 during midday trading on Friday. 9,686,834 shares of the company's stock were exchanged, compared to its average volume of 26,408,611. The business has a 50 day simple moving average of $21.93 and a 200 day simple moving average of $23.13. The stock has a market capitalization of $20.53 billion, a P/E ratio of 12.57, a P/E/G ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.14) earnings per share. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share 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.