Elo Mutual Pension Insurance Co Has $2.05 Million Holdings in Carnival Co. & plc (NYSE:CCL)

Elo Mutual Pension Insurance Co cut its position in shares of Carnival Co. & plc (NYSE:CCL) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after acquiring an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Private Advisor Group LLC increased its position in Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after buying an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC raised its holdings in Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after buying an additional 14,165 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Carnival Co. & by 181.7% in the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after buying an additional 79,857 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

NYSE:CCL opened at $19.85 on Friday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a market cap of $23.15 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock’s 50-day simple moving average is $23.79 and its 200 day simple moving average is $23.16.

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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the company earned ($0.14) earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on CCL. Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, March 24th. Wells Fargo & Company lifted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Tigress Financial reaffirmed a “buy” rating on shares of Carnival Co. & in a report on Wednesday. BNP Paribas initiated coverage on shares of Carnival Co. & in a report on Thursday. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.89.

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.