Sei Investments Co. Has $39.85 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Sei Investments Co. cut its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 15.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,599,015 shares of the company's stock after selling 290,670 shares during the period. Sei Investments Co. owned approximately 0.14% of Carnival Co. & worth $39,847,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. American Century Companies Inc. raised its holdings in Carnival Co. & by 10.5% in the 4th quarter. American Century Companies Inc. now owns 1,534,582 shares of the company's stock valued at $38,242,000 after acquiring an additional 146,267 shares in the last quarter. Mizuho Securities USA LLC raised its stake in Carnival Co. & by 50.3% in the fourth quarter. Mizuho Securities USA LLC now owns 98,450 shares of the company's stock valued at $2,453,000 after purchasing an additional 32,943 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Carnival Co. & during the fourth quarter worth about $34,000. 1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & during the fourth quarter worth about $42,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Carnival Co. & by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 220,869 shares of the company's stock valued at $5,504,000 after buying an additional 956 shares during the period. 67.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CCL. Truist Financial increased their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Citigroup lowered their target price on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average price target of $26.89.

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Carnival Co. & Trading Down 4.5 %

Shares of CCL traded down $0.94 during trading hours on Friday, hitting $19.85. 18,849,926 shares of the stock were exchanged, compared to its average volume of 26,164,145. The firm has a market capitalization of $23.10 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. 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 fifty-two week low of $13.78 and a fifty-two week high of $28.72. The business has a 50-day moving average of $23.91 and a 200-day moving average of $23.08.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted ($0.14) EPS. On average, research analysts expect that Carnival Co. & plc will post 1.77 EPS 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.