Voya Investment Management LLC Sells 76,470 Shares of Carnival Co. & plc (NYSE:CCL)

Voya Investment Management LLC lessened its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 294,313 shares of the company's stock after selling 76,470 shares during the quarter. Voya Investment Management LLC's holdings in Carnival Co. & were worth $7,334,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in Carnival Co. & by 186.6% during the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after purchasing an additional 6,444,444 shares during the last quarter. Vanguard Group Inc. lifted its position in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after acquiring an additional 2,720,096 shares during the period. Norges Bank acquired a new stake in Carnival Co. & in the 4th quarter valued at approximately $59,486,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth $53,636,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Stock Performance

Shares of NYSE:CCL traded up $0.95 on Friday, reaching $19.58. 27,602,249 shares of the company's stock were exchanged, compared to its average volume of 26,211,591. The company has a fifty day moving average of $19.55 and a 200-day moving average of $23.02. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $22.84 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.73 and a beta of 2.42.

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 analysts' consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. On average, research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCL. Barclays decreased their price target 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. Mizuho boosted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. 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 target price on the stock. Finally, StockNews.com lowered Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Carnival Co. & has a consensus rating of "Moderate Buy" and a consensus target price of $26.53.

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.