Carnival Co. & plc (NYSE:CCL) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 12.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 620,946 shares of the company’s stock after selling 90,650 shares during the quarter. Nordea Investment Management AB’s holdings in Carnival Co. & were worth $15,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCL. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & in the 3rd quarter valued at about $25,000. Assetmark Inc. boosted its stake in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the last quarter. CVA Family Office LLC grew its holdings in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $46,000. Finally, Avior Wealth Management LLC boosted its position in shares of Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after acquiring an additional 924 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is currently owned by insiders.

Carnival Co. & Trading Up 1.6 %

CCL opened at $24.21 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. Carnival Co. & plc has a one year low of $13.78 and a one year high of $27.17. The company has a market cap of $27.94 billion, a P/E ratio of 21.62 and a beta of 2.64. The business’s 50-day simple moving average is $24.97 and its 200-day simple moving average is $20.30.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter last year, the company earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CCL shares. The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Citigroup lifted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Macquarie lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.18.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.