Sei Investments Co. Sells 290,670 Shares of Carnival Co. & plc (NYSE:CCL)

Sei Investments Co. lessened its stake in Carnival Co. & plc (NYSE:CCL) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,599,015 shares of the company’s stock after selling 290,670 shares during the period. Sei Investments Co. owned 0.14% of Carnival Co. & worth $39,847,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Carnival Co. & during the 4th quarter worth about $53,636,000. Wedge Capital Management L L P NC boosted its stake in shares of Carnival Co. & by 718.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Holocene Advisors LP bought a new position in shares of Carnival Co. & in the 3rd quarter valued at about $26,806,000. Finally, Verition Fund Management LLC grew its position in shares of Carnival Co. & by 115.0% during the 3rd quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock worth $44,436,000 after buying an additional 1,286,054 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCL. Barclays raised their price objective 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. Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday. Citigroup cut their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Finally, Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.72.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $21.46 on Tuesday. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 15.44, a PEG 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. The business has a 50-day moving average of $24.14 and a 200-day moving average of $23.07.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the firm earned ($0.14) EPS. Carnival Co. &’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & 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.