LSV Asset Management Sells 17,500 Shares of Carnival Co. & plc (NYSE:CCL)

LSV Asset Management lessened its stake in shares of Carnival Co. & plc (NYSE:CCL) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 182,700 shares of the company’s stock after selling 17,500 shares during the period. LSV Asset Management’s holdings in Carnival Co. & were worth $4,553,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Crewe Advisors LLC raised its stake in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new stake in Carnival Co. & during the fourth quarter worth $34,000. 1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & in the fourth quarter valued at $42,000. Finally, Morse Asset Management Inc bought a new position in shares of Carnival Co. & in the 3rd quarter valued at about $46,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Citigroup dropped their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company lifted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, Loop Capital reduced their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.84.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $17.70 on Monday. The business has a fifty day moving average price of $21.74 and a two-hundred day moving average price of $23.16. The stock has a market capitalization of $20.64 billion, a PE ratio of 12.73, a P/E/G ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating 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 return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, equities analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Company 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.