Perennial Investment Advisors LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

Perennial Investment Advisors LLC acquired a new position in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 11,096 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares in the last quarter. Norges Bank bought a new position in Carnival Co. & during the fourth quarter valued at approximately $59,486,000. State Street Corp grew its position in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Carnival Co. & during the 4th quarter worth $53,636,000. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Carnival Co. & by 718.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after purchasing an additional 1,901,224 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Down 4.6 %

CCL stock opened at $16.49 on Monday. The business has a 50-day moving average of $23.09 and a 200-day moving average of $23.23. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market capitalization of $19.24 billion, a P/E ratio of 11.86, 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. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the company earned ($0.14) earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCL. BNP Paribas started coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Loop Capital cut 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. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

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.