New York State Common Retirement Fund Sells 86,078 Shares of Carnival Co. & plc (NYSE:CCL)

New York State Common Retirement Fund reduced its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 626,789 shares of the company's stock after selling 86,078 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Carnival Co. & worth $11,621,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Scott & Selber Inc. grew its holdings in Carnival Co. & by 50.6% in the 4th quarter. Scott & Selber Inc. now owns 145,131 shares of the company's stock valued at $2,691,000 after buying an additional 48,759 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Carnival Co. & by 44.2% in the 4th quarter. Handelsbanken Fonder AB now owns 684,751 shares of the company's stock valued at $12,695,000 after buying an additional 209,773 shares in the last quarter. CWM LLC grew its holdings in Carnival Co. & by 6.8% in the 4th quarter. CWM LLC now owns 32,958 shares of the company's stock valued at $611,000 after buying an additional 2,097 shares in the last quarter. Signaturefd LLC grew its holdings in Carnival Co. & by 8.7% in the 4th quarter. Signaturefd LLC now owns 10,648 shares of the company's stock valued at $197,000 after buying an additional 852 shares in the last quarter. Finally, abrdn plc grew its holdings in Carnival Co. & by 70.3% in the 4th quarter. abrdn plc now owns 417,125 shares of the company's stock valued at $7,733,000 after buying an additional 172,185 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Down 2.4 %

CCL stock traded down $0.35 during mid-day trading on Wednesday, reaching $14.47. The company had a trading volume of 33,830,880 shares, compared to its average volume of 31,496,320. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 57.02 and a beta of 2.54. The firm has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $15.53. Carnival Co. & plc has a fifty-two week low of $9.17 and a fifty-two week high of $19.74.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. Carnival Co. &'s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.55) EPS. Analysts forecast that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the sale, the chief financial officer now owns 181,981 shares of the company's stock, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCL. Stifel Nicolaus dropped their target price on Carnival Co. & from $26.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, March 28th. Argus lowered their price target on Carnival Co. & from $23.00 to $20.00 and set a "buy" rating for the company in a report on Monday, April 1st. Mizuho assumed coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a "buy" rating and a $21.00 price target for the company. The Goldman Sachs Group assumed coverage on Carnival Co. & in a report on Wednesday, March 13th. They set a "buy" rating and a $20.00 price target for the company. Finally, Barclays increased their price target on Carnival Co. & from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.47.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.