Kentucky Retirement Systems Acquires 5,128 Shares of Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems lifted its holdings in Carnival Co. & plc (NYSE:CCLGet Rating) by 11.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 51,038 shares of the company’s stock after buying an additional 5,128 shares during the period. Kentucky Retirement Systems’ holdings in Carnival Co. & were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Gemmer Asset Management LLC lifted its stake in shares of Carnival Co. & by 150.7% in the 4th quarter. Gemmer Asset Management LLC now owns 1,331 shares of the company’s stock worth $27,000 after purchasing an additional 800 shares during the period. PSI Advisors LLC bought a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $38,000. Lindbrook Capital LLC lifted its stake in shares of Carnival Co. & by 342.3% in the 3rd quarter. Lindbrook Capital LLC now owns 1,548 shares of the company’s stock worth $39,000 after purchasing an additional 1,198 shares during the period. Accel Wealth Management lifted its stake in shares of Carnival Co. & by 75.9% in the 4th quarter. Accel Wealth Management now owns 2,550 shares of the company’s stock worth $51,000 after purchasing an additional 1,100 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in shares of Carnival Co. & in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 51.86% of the company’s stock.

In other Carnival Co. & news, CEO Arnold W. Donald sold 95,796 shares of Carnival Co. & stock in a transaction on Friday, January 28th. The shares were sold at an average price of $19.08, for a total transaction of $1,827,787.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Bernstein sold 7,670 shares of Carnival Co. & stock in a transaction on Thursday, January 20th. The stock was sold at an average price of $21.38, for a total value of $163,984.60. The disclosure for this sale can be found here. 12.50% of the stock is owned by insiders.

A number of equities research analysts have commented on CCL shares. Credit Suisse Group decreased their target price on shares of Carnival Co. & from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 21st. Jefferies Financial Group decreased their target price on shares of Carnival Co. & from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 29th. Argus cut shares of Carnival Co. & from a “buy” rating to a “hold” rating in a research note on Friday, March 25th. The Goldman Sachs Group decreased their target price on shares of Carnival Co. & from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 21st. Finally, Stifel Nicolaus decreased their target price on shares of Carnival Co. & from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, March 23rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.19.

CCL traded up $0.52 during trading on Tuesday, reaching $19.56. 259,615 shares of the company traded hands, compared to its average volume of 38,199,082. The firm has a fifty day simple moving average of $19.58 and a 200 day simple moving average of $20.66. Carnival Co. & plc has a 12-month low of $14.94 and a 12-month high of $31.52. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.70 and a current ratio of 0.74. The company has a market cap of $19.36 billion, a P/E ratio of -2.29 and a beta of 2.07.

Carnival Co. & (NYSE:CCLGet Rating) last posted its earnings results on Tuesday, March 22nd. The company reported ($1.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.50). The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Carnival Co. & had a negative net margin of 268.65% and a negative return on equity of 56.97%. The company’s revenue for the quarter was up 6142.3% compared to the same quarter last year. During the same period last year, the business posted ($1.79) earnings per share. As a group, sell-side analysts expect that Carnival Co. & plc will post -2.2 earnings per share for the current fiscal year.

Carnival Co. & Profile (Get Rating)

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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