Worldquant Millennium Advisors LLC Decreases Holdings in Carnival Co. & plc (NYSE:CCL)

Worldquant Millennium Advisors LLC reduced its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 847,353 shares of the company's stock after selling 166,194 shares during the period. Worldquant Millennium Advisors LLC owned 0.07% of Carnival Co. & worth $21,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after acquiring an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after purchasing an additional 203,710 shares during the period. Private Advisor Group LLC raised its position in Carnival Co. & by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC increased its position in shares of Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Carnival Co. & during the 4th quarter worth about $59,486,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res raised Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Stifel Nicolaus raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. BNP Paribas started coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price target on the stock. Finally, Wall Street Zen raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock traded down $0.16 during trading on Friday, reaching $22.27. The company's stock had a trading volume of 15,872,579 shares, compared to its average volume of 25,862,167. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market cap of $25.98 billion, a PE ratio of 16.02, a P/E/G ratio of 0.73 and a beta of 2.50. The company has a 50-day moving average price of $19.72 and a two-hundred day moving average price of $23.04. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

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

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.