Thrivent Financial for Lutherans Lowers Stock Position in Carnival Co. & plc (NYSE:CCL)

Thrivent Financial for Lutherans lessened its stake in shares of Carnival Co. & plc (NYSE:CCL – Get Rating) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,901 shares of the company’s stock after selling 7,613 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Carnival Co. & were worth $669,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in shares of Carnival Co. & by 26.0% in the fourth quarter. Van ECK Associates Corp now owns 114,069 shares of the company’s stock valued at $919,000 after purchasing an additional 23,561 shares during the period. Nordea Investment Management AB boosted its stake in shares of Carnival Co. & by 32.1% in the fourth quarter. Nordea Investment Management AB now owns 46,739 shares of the company’s stock valued at $378,000 after purchasing an additional 11,365 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Carnival Co. & by 57.7% in the fourth quarter. Russell Investments Group Ltd. now owns 191,092 shares of the company’s stock valued at $1,541,000 after purchasing an additional 69,900 shares during the period. Nwam LLC boosted its stake in shares of Carnival Co. & by 10.6% in the fourth quarter. Nwam LLC now owns 11,400 shares of the company’s stock valued at $92,000 after purchasing an additional 1,095 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Carnival Co. & by 3.6% in the fourth quarter. Arizona State Retirement System now owns 279,401 shares of the company’s stock valued at $2,252,000 after purchasing an additional 9,595 shares during the period. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCL shares. Wells Fargo & Company raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and set a $9.00 target price on the stock in a report on Tuesday, March 28th. JPMorgan Chase & Co. started coverage on shares of Carnival Co. & in a research report on Friday, April 28th. They set a “neutral” rating and a $11.00 target price on the stock. Macquarie boosted their target price on shares of Carnival Co. & from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, April 5th. Citigroup upped their price objective on shares of Carnival Co. & from $9.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, January 31st. Finally, StockNews.com initiated coverage on shares of Carnival Co. & in a research note on Thursday, May 18th. They set a “sell” rating for the company. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.45.

Carnival Co. & Trading Down 3.4 %

Shares of CCL opened at $10.67 on Thursday. The business’s 50-day moving average price is $9.77 and its 200 day moving average price is $9.88. The stock has a market capitalization of $11.91 billion, a P/E ratio of -2.62 and a beta of 2.22. Carnival Co. & plc has a 1-year low of $6.11 and a 1-year high of $14.20. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 5.30.

Carnival Co. & (NYSE:CCL – Get Rating) last released its earnings results on Monday, March 27th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.05. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Carnival Co. & had a negative return on equity of 57.75% and a negative net margin of 32.68%. The business’s revenue for the quarter was up 173.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.65) EPS. Analysts expect that Carnival Co. & plc will post -0.29 earnings per share for the current year.

Carnival Co. & Company Profile

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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.