Signaturefd LLC Trims Position in Carnival Co. & plc (NYSE:CCL)

Signaturefd LLC decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 5.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,793 shares of the company’s stock after selling 684 shares during the period. Signaturefd LLC’s holdings in Carnival Co. & were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCL. Empowered Funds LLC boosted its stake in Carnival Co. & by 8.8% in the 3rd quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock worth $314,000 after buying an additional 1,367 shares during the last quarter. Caprock Group LLC purchased a new stake in Carnival Co. & in the third quarter valued at approximately $201,000. Prospera Financial Services Inc grew its holdings in Carnival Co. & by 4.0% in the third quarter. Prospera Financial Services Inc now owns 42,047 shares of the company’s stock valued at $777,000 after purchasing an additional 1,598 shares during the period. PNC Financial Services Group Inc. increased its position in Carnival Co. & by 3.4% during the third quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock worth $3,545,000 after purchasing an additional 6,283 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in Carnival Co. & by 50.7% during the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after purchasing an additional 924 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group upped their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. Citigroup increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Stifel Nicolaus reduced their price target on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $21.02 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The business has a 50 day moving average price of $24.19 and a two-hundred day moving average price of $22.94. The firm has a market cap of $24.47 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. Sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Profile

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.