Los Angeles Capital Management LLC Sells 301,657 Shares of Carnival Co. & plc (NYSE:CCL)

Los Angeles Capital Management LLC cut its stake in shares of Carnival Co. & plc (NYSE:CCL) by 82.6% in the 4th quarter, HoldingsChannel reports. The fund owned 63,693 shares of the company’s stock after selling 301,657 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Carnival Co. & were worth $1,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in shares of Carnival Co. & by 4.1% in the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after buying an additional 601 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Carnival Co. & by 10.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock valued at $136,000 after acquiring an additional 689 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Carnival Co. & by 8.7% during the fourth quarter. Signaturefd LLC now owns 10,648 shares of the company’s stock worth $197,000 after purchasing an additional 852 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake 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 purchasing an additional 981 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Mizuho initiated coverage on Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target for the company. Macquarie boosted their price objective on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Barclays raised their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. One investment 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. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Trading Up 1.4 %

Shares of NYSE CCL opened at $14.32 on Thursday. The company has a market cap of $16.07 billion, a PE ratio of 55.08 and a beta of 2.53. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm’s 50 day moving average price is $15.51 and its 200-day moving average price is $15.62. Carnival Co. & plc has a 52-week low of $9.68 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data 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. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the prior year, the firm posted ($0.55) EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. On average, equities research analysts expect that Carnival Co. & plc will post 1.02 EPS for the current fiscal year.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.