LSV Asset Management Sells 17,500 Shares of Carnival Co. & plc (NYSE:CCL)

LSV Asset Management reduced its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,700 shares of the company's stock after selling 17,500 shares during the quarter. LSV Asset Management's holdings in Carnival Co. & were worth $4,553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Morse Asset Management Inc acquired a new stake in Carnival Co. & during the 3rd quarter worth approximately $46,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Carnival Co. & during the third quarter worth $260,000. M&T Bank Corp boosted its position in shares of Carnival Co. & by 7.8% in the third quarter. M&T Bank Corp now owns 59,628 shares of the company's stock valued at $1,102,000 after acquiring an additional 4,311 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Carnival Co. & by 70.7% in the third quarter. Sanctuary Advisors LLC now owns 56,928 shares of the company's stock valued at $1,052,000 after acquiring an additional 23,579 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at about $252,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Up 0.4 %

NYSE CCL traded up $0.07 during trading hours on Friday, reaching $17.94. The company's stock had a trading volume of 17,695,651 shares, compared to its average volume of 26,319,856. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market cap of $20.93 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.73 and a beta of 2.42. The firm has a fifty day simple moving average of $21.02 and a 200-day simple moving average of $23.08.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCL. Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. StockNews.com lowered Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Mizuho increased their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Finally, Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and a consensus target price of $26.84.

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.