Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Carnival Co. & plc (NYSE:CCL)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Carnival Co. & plc (NYSE:CCL) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 430,894 shares of the company’s stock after buying an additional 13,969 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carnival Co. & were worth $7,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its stake in Carnival Co. & by 32.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,125,861 shares of the company’s stock valued at $20,873,000 after buying an additional 277,911 shares during the last quarter. Capital Advisors Inc. OK purchased a new stake in Carnival Co. & in the fourth quarter valued at about $382,000. Louisiana State Employees Retirement System purchased a new stake in Carnival Co. & in the fourth quarter valued at about $1,129,000. Friedenthal Financial purchased a new stake in Carnival Co. & in the fourth quarter valued at about $28,000. Finally, Sapient Capital LLC purchased a new position in shares of Carnival Co. & in the fourth quarter worth about $597,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 11.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCL. Tigress Financial raised their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Barclays raised 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. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Tuesday, March 19th. Argus reduced their price objective on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Finally, Mizuho initiated coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a “buy” rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $14.12 on Friday. Carnival Co. & plc has a 1 year low of $8.70 and a 1 year high of $19.74. The firm has a market capitalization of $15.85 billion, a PE ratio of 54.31 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The business’s 50 day moving average price is $15.61 and its 200-day moving average price is $15.41.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.55) EPS. As a group, equities research analysts expect that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

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.