Marshall Wace LLP Trims Stake in Carnival Co. & plc (NYSE:CCL)

Marshall Wace LLP decreased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,529 shares of the company's stock after selling 676,694 shares during the period. Marshall Wace LLP's holdings in Carnival Co. & were worth $3,328,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Hartford Investment Management Co. raised its stake in Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock valued at $1,601,000 after purchasing an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock worth $54,000 after buying an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased its stake in Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after buying an additional 468 shares during the period. Sound View Wealth Advisors Group LLC increased its position in shares of Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after purchasing an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased 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 valued at $1,224,000 after purchasing an additional 521 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCL has been the subject of a number of recent research reports. Loop Capital decreased their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Monday, March 24th. Northcoast Research started coverage on Carnival Co. & in a research note on Friday. They set a "neutral" rating on the stock. William Blair restated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Finally, Mizuho upped their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Price Performance

NYSE CCL traded down $0.15 on Tuesday, reaching $18.71. 30,350,419 shares of the company's stock traded hands, compared to its average volume of 26,171,244. The stock has a market cap of $21.83 billion, a PE ratio of 13.46, a P/E/G ratio of 0.73 and a beta of 2.42. The stock has a 50-day simple moving average of $19.95 and a 200 day simple moving average of $23.11. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the company earned ($0.14) earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current 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.