Los Angeles Capital Management LLC Has $1.18 Million Stake in Carnival Co. & plc (NYSE:CCL)

Los Angeles Capital Management LLC lowered its position in Carnival Co. & plc (NYSE:CCL) by 82.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,693 shares of the company’s stock after selling 301,657 shares during the period. Los Angeles Capital Management LLC’s holdings in Carnival Co. & were worth $1,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Natixis Advisors L.P. raised its holdings in shares of Carnival Co. & by 606.7% during the 4th quarter. Natixis Advisors L.P. now owns 291,593 shares of the company’s stock valued at $5,406,000 after purchasing an additional 250,333 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Carnival Co. & by 16.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock valued at $87,094,000 after buying an additional 652,798 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Carnival Co. & by 5.7% in the fourth quarter. Great Valley Advisor Group Inc. now owns 18,066 shares of the company’s stock worth $335,000 after buying an additional 981 shares during the last quarter. Waycross Partners LLC boosted its stake in shares of Carnival Co. & by 100.0% during the 4th quarter. Waycross Partners LLC now owns 80,000 shares of the company’s stock worth $1,483,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Carnival Co. & by 179.3% during the 4th quarter. Russell Investments Group Ltd. now owns 309,707 shares of the company’s stock valued at $5,744,000 after acquiring an additional 198,824 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Mizuho initiated coverage on Carnival Co. & in a research report on Tuesday, March 26th. They set a “buy” rating and a $21.00 target price for the company. Argus decreased their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 1st. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Barclays lifted their price objective on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Trading Up 1.4 %

CCL stock opened at $14.32 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a twelve month low of $9.68 and a twelve month high of $19.74. The company has a market cap of $16.07 billion, a P/E ratio of 55.08 and a beta of 2.53. The business has a fifty day moving average of $15.51 and a 200-day moving average of $15.62.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the business posted ($0.55) EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. As a group, equities research analysts expect that Carnival Co. & plc will post 1.02 EPS for the current year.

Insiders Place Their Bets

In other news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.