Public Employees Retirement Association of Colorado raised its stake in Carnival Corp (NYSE:CCL) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,913 shares of the company’s stock after buying an additional 4,892 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Carnival were worth $1,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CSat Investment Advisory L.P. lifted its position in shares of Carnival by 18.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,497 shares of the company’s stock worth $76,000 after purchasing an additional 234 shares in the last quarter. Malaga Cove Capital LLC lifted its position in shares of Carnival by 1.2% during the fourth quarter. Malaga Cove Capital LLC now owns 25,940 shares of the company’s stock worth $1,319,000 after purchasing an additional 297 shares in the last quarter. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Carnival by 0.9% during the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 37,812 shares of the company’s stock worth $1,922,000 after purchasing an additional 320 shares in the last quarter. Utah Retirement Systems raised its holdings in Carnival by 0.5% in the fourth quarter. Utah Retirement Systems now owns 75,950 shares of the company’s stock valued at $3,861,000 after acquiring an additional 400 shares in the last quarter. Finally, Stellar Capital Management LLC raised its holdings in Carnival by 1.5% in the fourth quarter. Stellar Capital Management LLC now owns 34,973 shares of the company’s stock valued at $1,778,000 after acquiring an additional 510 shares in the last quarter. 63.75% of the stock is currently owned by institutional investors.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Wells Fargo & Co reiterated a “sell” rating on shares of Carnival in a research note on Tuesday, March 31st. Wedbush reiterated a “buy” rating and issued a $26.00 price target on shares of Carnival in a research note on Wednesday, May 6th. Redburn Partners lowered shares of Carnival from a “buy” rating to a “neutral” rating in a research note on Monday, June 22nd. Finally, Tigress Financial reiterated a “buy” rating on shares of Carnival in a research note on Friday. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Carnival has a consensus rating of “Hold” and an average target price of $21.50.

In related news, Director Randall J. Weisenburger acquired 1,250,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average price of $12.09 per share, for a total transaction of $15,112,500.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 24.00% of the company’s stock.

NYSE:CCL opened at $16.78 on Tuesday. The company has a market capitalization of $8.33 billion, a PE ratio of -4.17 and a beta of 1.92. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 0.40. Carnival Corp has a 52-week low of $7.80 and a 52-week high of $51.94. The stock has a fifty day simple moving average of $16.84 and a 200-day simple moving average of $28.35.

Carnival (NYSE:CCL) last released its quarterly earnings results on Thursday, June 18th. The company reported ($3.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.56) by ($1.74). The firm had revenue of $700.00 million for the quarter, compared to analyst estimates of $737.81 million. Carnival had a positive return on equity of 0.06% and a negative net margin of 17.57%. The company’s quarterly revenue was down 85.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. As a group, equities analysts anticipate that Carnival Corp will post -6.17 earnings per share for the current year.

Carnival Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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