BI Asset Management Fondsmaeglerselskab A S Sells 211,939 Shares of Carnival Co. & plc (NYSE:CCL)

BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 335,956 shares of the company's stock after selling 211,939 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Carnival Co. & were worth $8,372,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Crewe Advisors LLC increased its position in shares of Carnival Co. & by 275.8% during 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 period. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & in the fourth quarter valued at $34,000. Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & during the fourth quarter valued at $34,000. 1620 Investment Advisors Inc. purchased a new stake in Carnival Co. & during the fourth quarter valued at about $42,000. Finally, Morse Asset Management Inc acquired a new position in Carnival Co. & in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCL. Northcoast Research assumed coverage on shares of Carnival Co. & in a research report on Friday. They set a "neutral" rating on the stock. Barclays reduced their price target on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Stifel Nicolaus increased 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. Finally, StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Trading Down 1.3 %

Shares of CCL stock traded down $0.25 on Friday, reaching $18.45. 7,437,121 shares of the stock were exchanged, compared to its average volume of 26,149,806. The stock has a 50 day moving average price of $20.23 and a 200 day moving average price of $23.09. The stock has a market cap of $21.53 billion, a PE ratio of 13.32, a P/E/G ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. 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 - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping 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 business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the firm posted ($0.14) earnings per share. Carnival Co. &'s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.