Teachers Retirement System of The State of Kentucky Has $1.60 Million Position in Carnival Co. & plc (NYSE:CCL)

Teachers Retirement System of The State of Kentucky lowered its position in Carnival Co. & plc (NYSE:CCL) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,051 shares of the company’s stock after selling 3,528 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Carnival Co. & were worth $1,595,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its holdings in Carnival Co. & by 4.1% in the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after buying an additional 601 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Carnival Co. & by 10.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock valued at $136,000 after purchasing an additional 689 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 739 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Carnival Co. & by 66.7% during the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after purchasing an additional 800 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Carnival Co. & by 1.5% during the fourth quarter. M&T Bank Corp now owns 55,145 shares of the company’s stock valued at $1,022,000 after purchasing an additional 835 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group increased their price target on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Mizuho assumed coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price target on the stock. Argus lowered their price target on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Susquehanna lowered their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Monday, March 25th. Finally, Tigress Financial increased their price target on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.61.

Carnival Co. & Stock Up 0.1 %

Shares of CCL stock opened at $16.07 on Friday. The stock has a market cap of $18.04 billion, a P/E ratio of 61.81 and a beta of 2.57. Carnival Co. & plc has a one year low of $10.84 and a one year high of $19.74. The stock has a fifty day moving average price of $15.25 and a 200 day moving average price of $16.12. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. Carnival Co. &’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business earned ($0.55) earnings per share. Analysts predict that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.