Natixis Advisors LLC Acquires 4,105 Shares of Carnival Co. & plc (NYSE:CCL)

Natixis Advisors LLC raised its position in shares of Carnival Co. & plc (NYSE:CCL) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 682,106 shares of the company’s stock after purchasing an additional 4,105 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Carnival Co. & worth $16,998,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after purchasing an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Private Advisor Group LLC raised its position in Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after purchasing an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC raised its position in Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after purchasing an additional 14,165 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Down 3.7 %

NYSE CCL opened at $20.12 on Wednesday. The business’s 50-day moving average is $24.38 and its 200 day moving average is $22.94. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $23.42 billion, a PE ratio of 14.47, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS. Sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CCL shares. Loop Capital initiated coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. Barclays lifted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Wells Fargo & Company lifted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Stifel Nicolaus decreased their price objective on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Citigroup lifted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $26.89.

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.