Carnival Co. & plc (NYSE:CCL) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH cut its stake in shares of Carnival Co. & plc (NYSE:CCL) by 53.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,670 shares of the company’s stock after selling 5,462 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Carnival Co. & were worth $116,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Carnival Co. & during the fourth quarter worth $29,000. Crewe Advisors LLC raised its position in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in Carnival Co. & in the fourth quarter worth $34,000. Millstone Evans Group LLC purchased a new position in Carnival Co. & in the fourth quarter worth $34,000. Finally, 1620 Investment Advisors Inc. purchased a new position in Carnival Co. & in the fourth quarter worth $42,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Loop Capital cut their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Hsbc Global Res upgraded Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. BNP Paribas initiated coverage on Carnival Co. & in a research report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.68.

Carnival Co. & Stock Performance

NYSE CCL opened at $23.42 on Monday. The firm has a market capitalization of $27.32 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.73 and a beta of 2.50. 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 1-year low of $13.78 and a 1-year high of $28.72. The business’s 50-day simple moving average is $19.45 and its 200-day simple moving average is $23.04.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion for 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 company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted ($0.14) EPS. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current 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.