Sei Investments Co. Sells 290,670 Shares of Carnival Co. & plc (NYSE:CCL)

Sei Investments Co. cut its stake in Carnival Co. & plc (NYSE:CCL) by 15.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,599,015 shares of the company’s stock after selling 290,670 shares during the period. Sei Investments Co.’s holdings in Carnival Co. & were worth $39,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of CCL. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $34,000. Millstone Evans Group LLC bought a new position in shares of Carnival Co. & during the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & during the 4th quarter worth approximately $42,000. Finally, Crews Bank & Trust acquired a new stake in Carnival Co. & during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Citigroup dropped their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday. Mizuho increased their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays lifted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.72.

Carnival Co. & Stock Performance

NYSE:CCL opened at $21.46 on Tuesday. 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 capitalization of $24.98 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock’s 50-day simple moving average is $24.14 and its 200 day simple moving average is $23.07.

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

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.