OMERS ADMINISTRATION Corp Sells 76,661 Shares of Carnival Co. & plc (NYSE:CCL)

OMERS ADMINISTRATION Corp trimmed its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,505 shares of the company's stock after selling 76,661 shares during the period. OMERS ADMINISTRATION Corp's holdings in Carnival Co. & were worth $2,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new position in Carnival Co. & in the 4th quarter worth about $29,000. Crewe Advisors LLC increased its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $34,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Carnival Co. & in the fourth quarter worth approximately $42,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of CCL stock traded up $0.42 during mid-day trading on Friday, reaching $23.42. The company's stock had a trading volume of 18,633,256 shares, compared to its average volume of 26,185,001. The firm's 50-day moving average is $19.45 and its two-hundred day moving average is $23.03. The company has a market cap of $27.32 billion, a P/E ratio of 16.85, a PEG ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. On average, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CCL shares. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $25.00 to $21.00 in a report on Thursday, April 10th. HSBC upgraded Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 price target for the company in a research note on Friday. Citigroup cut their price objective on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Loop Capital lowered their price target on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.68.

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.