NEOS Investment Management LLC Has $1.61 Million Position in Carnival Co. & plc (NYSE:CCL)

NEOS Investment Management LLC lifted its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,583 shares of the company's stock after acquiring an additional 14,832 shares during the quarter. NEOS Investment Management LLC's holdings in Carnival Co. & were worth $1,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after buying an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC raised its holdings in shares of Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company's stock valued at $2,288,000 after purchasing an additional 79,857 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Down 13.3 %

Shares of NYSE CCL traded down $2.66 during trading hours on Thursday, hitting $17.36. The stock had a trading volume of 20,094,281 shares, compared to its average volume of 26,034,363. The firm's 50-day moving average price is $23.43 and its two-hundred day moving average price is $23.21. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a market capitalization of $20.25 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.73 and a beta of 2.66. 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, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. Analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BNP Paribas assumed coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target on the stock. Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Barclays lifted their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, StockNews.com raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus target price of $26.89.

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.