Carnival Co. & plc (NYSE:CCL) Shares Sold by Mad River Investors

Mad River Investors trimmed its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,896 shares of the company’s stock after selling 6,700 shares during the quarter. Carnival Co. & makes up about 2.2% of Mad River Investors’ investment portfolio, making the stock its 9th biggest position. Mad River Investors’ holdings in Carnival Co. & were worth $4,807,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its holdings in Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after acquiring an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Carnival Co. & during the 3rd quarter worth about $1,140,000. Commonwealth Equity Services LLC raised its holdings in Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after acquiring an additional 24,198 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Carnival Co. & by 181.7% in the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after acquiring an additional 79,857 shares during the period. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. The Goldman Sachs Group increased their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Macquarie increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Tigress Financial upped their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Truist Financial lifted their price objective on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus target price of $27.18.

Carnival Co. & Price Performance

Shares of CCL opened at $25.85 on Tuesday. The company has a market cap of $29.83 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $27.17. 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 company has a 50 day moving average of $25.22 and a two-hundred day moving average of $20.65.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts predict that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & 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 sale, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is currently owned by corporate insiders.

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.