Siemens Fonds Invest GmbH Cuts Stock Position in Carnival Co. & plc (NYSE:CCL)

Siemens Fonds Invest GmbH cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 53.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,670 shares of the company’s stock after selling 5,462 shares during the period. Siemens Fonds Invest GmbH’s holdings in Carnival Co. & were worth $116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rafferty Asset Management LLC increased its stake in Carnival Co. & by 1.1% during the fourth quarter. Rafferty Asset Management LLC now owns 115,279 shares of the company’s stock worth $2,873,000 after purchasing an additional 1,214 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $164,000. Quantinno Capital Management LP increased its stake in shares of Carnival Co. & by 29.6% during the fourth quarter. Quantinno Capital Management LP now owns 271,985 shares of the company’s stock worth $6,778,000 after buying an additional 62,149 shares during the period. Mufg Securities Americas Inc. purchased a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $382,000. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Carnival Co. & by 3.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 125,493 shares of the company’s stock worth $3,147,000 after buying an additional 4,033 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Loop Capital cut their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. HSBC upgraded shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 target price on the stock in a research note on Friday. StockNews.com upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. BNP Paribas assumed coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.68.

Carnival Co. & Price Performance

CCL stock opened at $23.42 on Monday. The company has a market capitalization of $27.32 billion, a P/E ratio of 16.85, a PEG ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The business has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $23.04. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) earnings per share. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current 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.