Keynote Financial Services LLC Sells 1,500 Shares of Carnival Co. & plc (NYSE:CCL)

Keynote Financial Services LLC cut its position in Carnival Co. & plc (NYSE:CCL) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,168 shares of the company’s stock after selling 1,500 shares during the quarter. Keynote Financial Services LLC’s holdings in Carnival Co. & were worth $303,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CCL. Mizuho Securities USA LLC grew its holdings in Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. State Street Corp lifted its holdings in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Carnival Co. & in the 4th quarter worth $53,636,000. Wedge Capital Management L L P NC grew its stake in Carnival Co. & by 718.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after buying an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in Carnival Co. & during the 3rd quarter valued at about $26,806,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the subject of several recent analyst reports. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Bank of America raised their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Up 1.8 %

Carnival Co. & stock opened at $23.93 on Friday. The business’s 50-day moving average price is $25.45 and its 200 day moving average price is $22.50. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter last year, the company earned ($0.07) EPS. The business’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Carnival Co. & 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.