Kentucky Retirement Systems Insurance Trust Fund Cuts Holdings in Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 48.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,512 shares of the company's stock after selling 14,398 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Carnival Co. & were worth $387,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CCL. Exchange Traded Concepts LLC increased its holdings in Carnival Co. & by 499.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company's stock valued at $131,000 after buying an additional 5,892 shares during the period. Bleakley Financial Group LLC increased its holdings in Carnival Co. & by 7.5% during the third quarter. Bleakley Financial Group LLC now owns 14,171 shares of the company's stock valued at $262,000 after buying an additional 990 shares during the period. Blue Trust Inc. increased its holdings in Carnival Co. & by 6.1% during the third quarter. Blue Trust Inc. now owns 25,086 shares of the company's stock valued at $470,000 after buying an additional 1,440 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Carnival Co. & by 4.6% during the third quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company's stock valued at $506,000 after buying an additional 1,211 shares during the period. Finally, Signaturefd LLC increased its holdings in Carnival Co. & by 6.2% during the third quarter. Signaturefd LLC now owns 13,477 shares of the company's stock valued at $249,000 after buying an additional 785 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Bank of America raised their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Truist Financial raised their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Finally, Barclays raised their target price 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. One investment 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. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of "Moderate Buy" and an average target price of $27.11.

Carnival Co. & Stock Performance

NYSE CCL traded down $1.60 on Friday, reaching $22.96. 23,377,282 shares of the company's stock traded hands, compared to its average volume of 20,485,447. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 0.78 and a beta of 2.64. The stock has a 50 day moving average price of $25.69 and a 200-day moving average price of $22.07. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week 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 posted its earnings results 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 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 firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. Equities research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Carnival Co. & Company 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.