Carnival Co. & plc (NYSE:CCL) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its stake in Carnival Co. & plc (NYSE:CCL) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,351 shares of the company’s stock after selling 7,371 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Carnival Co. & were worth $2,052,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CCL. Crewe Advisors LLC grew its position 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 worth $30,000 after acquiring an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new position in Carnival Co. & in the 4th quarter worth about $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival Co. & in the 4th quarter worth about $42,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the third quarter valued at approximately $46,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Trading Down 4.5 %

NYSE:CCL opened at $19.85 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The stock has a fifty day simple moving average of $23.79 and a 200 day simple moving average of $23.16.

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

Analyst Ratings Changes

CCL has been the subject of a number of recent analyst reports. Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. Barclays increased their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Stifel Nicolaus raised their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, March 24th. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Loop Capital lowered their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

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.