Alyeska Investment Group L.P. Sells 891,575 Shares of Carnival Co. & plc (NYSE:CCL)

Alyeska Investment Group L.P. cut its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,530,510 shares of the company's stock after selling 891,575 shares during the period. Alyeska Investment Group L.P. owned 0.22% of Carnival Co. & worth $63,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Crewe Advisors LLC boosted its stake in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & during the 4th quarter worth $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & during the 4th quarter valued at $42,000. Finally, Mizuho Bank Ltd. bought a new stake in Carnival Co. & in the fourth quarter valued at about $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Up 5.1 %

Shares of Carnival Co. & stock opened at $19.58 on Friday. The stock has a market cap of $22.84 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.73 and a beta of 2.42. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The business's 50 day moving average is $19.55 and its 200-day moving average is $23.04.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share. Equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CCL shares. William Blair restated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Citigroup reduced their target price on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, StockNews.com downgraded Carnival Co. & from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.53.

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.

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Co. & plc (NYSE:CCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.