Worldquant Millennium Advisors LLC Sells 166,194 Shares of Carnival Co. & plc (NYSE:CCL)

Worldquant Millennium Advisors LLC lessened its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 847,353 shares of the company's stock after selling 166,194 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.07% of Carnival Co. & worth $21,116,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors 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 valued at $29,000. Crewe Advisors LLC grew its holdings in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter valued at $34,000. Millstone Evans Group LLC purchased a new stake in Carnival Co. & in the 4th quarter worth about $34,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Carnival Co. & in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CCL shares. HSBC raised Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 target price on the stock in a research note on Friday, May 16th. Citigroup lowered their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Barclays dropped their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Finally, Hsbc Global Res upgraded shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Stock Performance

Shares of CCL stock traded down $0.16 during trading on Monday, reaching $22.27. The company had a trading volume of 15,872,579 shares, compared to its average volume of 25,877,955. The firm's 50 day simple moving average is $19.72 and its two-hundred day simple moving average is $23.03. 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. The company has a market capitalization of $25.98 billion, a PE ratio of 16.02, a PEG ratio of 0.73 and a beta of 2.50.

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

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.