National Bank of Canada FI Has $13.77 Million Holdings in Carnival Co. & plc (NYSE:CCL)

National Bank of Canada FI trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,549 shares of the company’s stock after selling 61,254 shares during the period. National Bank of Canada FI’s holdings in Carnival Co. & were worth $13,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Crewe Advisors LLC lifted its position in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new stake in Carnival Co. & during the fourth quarter worth about $34,000. Millstone Evans Group LLC acquired a new stake in Carnival Co. & during the fourth quarter worth about $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival Co. & in the 4th quarter valued at about $42,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 4.6 %

Shares of CCL stock opened at $16.49 on Friday. The stock has a 50-day moving average of $23.09 and a 200-day moving average of $23.16. 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 stock has a market cap of $19.24 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the business earned ($0.14) EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of recent analyst reports. StockNews.com raised shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Citigroup lowered their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday, March 24th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Finally, Loop Capital decreased their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.