Oregon Public Employees Retirement Fund Has $2.22 Million Holdings in Carnival Co. & plc (NYSE:CCL)

Oregon Public Employees Retirement Fund raised its position in Carnival Co. & plc (NYSE:CCL) by 3.0% in the fourth quarter, HoldingsChannel reports. The fund owned 89,023 shares of the company’s stock after purchasing an additional 2,620 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Carnival Co. & were worth $2,218,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock valued at $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund grew its stake in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after acquiring an additional 203,710 shares during the period. Private Advisor Group LLC grew its stake in Carnival Co. & by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock valued at $2,164,000 after acquiring an additional 18,269 shares during the period. Convergence Investment Partners LLC grew its stake in Carnival Co. & by 54.4% in the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after acquiring an additional 14,165 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Carnival Co. & by 72.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after acquiring an additional 1,204,500 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $23.51 on Friday. The firm has a market cap of $27.36 billion, a PE ratio of 16.91, a PEG ratio of 0.73 and a beta of 2.64. The stock’s fifty day moving average price is $25.51 and its two-hundred day moving average price is $22.39. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. 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 data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the company posted ($0.07) EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCL. Citigroup lifted their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Mizuho lifted their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Barclays lifted their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Loop Capital initiated coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

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.