Alhambra Investment Management LLC Lowers Position in Carnival Co. & plc (NYSE:CCL)

Alhambra Investment Management LLC trimmed its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 51.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,957 shares of the company's stock after selling 11,617 shares during the period. Alhambra Investment Management LLC's holdings in Carnival Co. & were worth $214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & during the 4th quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new position in Carnival Co. & during the fourth quarter valued at approximately $34,000. 1620 Investment Advisors Inc. acquired a new position in Carnival Co. & in the 4th quarter valued at approximately $42,000. Finally, Ossiam acquired a new position in Carnival Co. & in the 4th quarter valued at approximately $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Down 1.6%

CCL traded down $0.38 during trading on Thursday, reaching $23.49. The company had a trading volume of 11,467,828 shares, compared to its average volume of 25,412,460. The business's fifty day moving average price is $20.66 and its 200 day moving average price is $22.96. 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. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a market cap of $27.40 billion, a P/E ratio of 16.90, a PEG ratio of 0.73 and a beta of 2.58.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. Equities analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCL. Wall Street Zen upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Northcoast Research initiated coverage on shares of Carnival Co. & in a report on Friday, April 25th. They set a "neutral" rating for the company. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Macquarie cut their target price on shares of Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, William Blair reissued an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.58.

About Carnival Co. &

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.