Carnival Co. & plc (NYSE:CCL) Shares Sold by Alhambra Investment Management LLC

Alhambra Investment Management LLC lowered its stake in shares of Carnival Co. & plc (NYSE:CCL) by 51.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,957 shares of the company’s stock after selling 11,617 shares during the quarter. Alhambra Investment Management LLC’s holdings in Carnival Co. & were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new stake in shares of Carnival Co. & during the 4th quarter worth about $29,000. Orion Capital Management LLC purchased a new stake in shares of Carnival Co. & during the 4th quarter worth about $30,000. Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & during the 4th quarter worth about $34,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Carnival Co. & during the 4th quarter worth about $42,000. Finally, Ossiam purchased a new stake in shares of Carnival Co. & during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCL. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Wall Street Zen upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Mizuho increased their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. Hsbc Global Res raised shares of Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research report on Friday, May 16th. Finally, Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $26.47.

Carnival Co. & Stock Up 1.2%

CCL stock opened at $24.51 on Wednesday. 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 $28.59 billion, a P/E ratio of 17.63, a PEG ratio of 0.73 and a beta of 2.58. The firm has a 50 day simple moving average of $20.52 and a 200-day simple moving average of $22.95.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company earned ($0.14) earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.