Strs Ohio Sells 11,800 Shares of Carnival Co. & plc (NYSE:CCL)

Strs Ohio trimmed its position in shares of Carnival Co. & plc (NYSE:CCL) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,335 shares of the company’s stock after selling 11,800 shares during the period. Strs Ohio’s holdings in Carnival Co. & were worth $896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG boosted its stake in Carnival Co. & by 117.5% during the 3rd quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock valued at $48,000,000 after purchasing an additional 1,890,081 shares during the period. International Assets Investment Management LLC boosted its position in shares of Carnival Co. & by 1,589.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after acquiring an additional 1,683,434 shares during the period. Blackstone Inc. grew its stake in shares of Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after acquiring an additional 1,010,000 shares during the last quarter. Mackenzie Financial Corp increased its position in Carnival Co. & by 1,241.9% during the third quarter. Mackenzie Financial Corp now owns 847,950 shares of the company’s stock worth $10,803,000 after acquiring an additional 784,762 shares during the period. Finally, Nordea Investment Management AB raised its stake in Carnival Co. & by 126.1% during the 4th quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock valued at $13,782,000 after purchasing an additional 413,082 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Up 1.5 %

Shares of CCL opened at $15.01 on Thursday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. Carnival Co. & plc has a 52-week low of $8.70 and a 52-week high of $19.74. The stock has a fifty day moving average price of $15.58 and a two-hundred day moving average price of $15.44. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 57.73 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) 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 company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company earned ($0.55) EPS. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts predict that Carnival Co. & plc will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CCL shares. JPMorgan Chase & Co. boosted their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday. The Goldman Sachs Group started coverage on Carnival Co. & in a report on Wednesday, March 13th. They set a “buy” rating and a $20.00 price objective on the stock. Susquehanna cut their target price on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. Finally, Wells Fargo & Company upgraded shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Friday, January 5th. 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 data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $21.47.

Insider Transactions at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.00% of the company’s stock.

Carnival Co. & 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.