Shell Asset Management Co. Cuts Stake in Carnival Co. & plc (NYSE:CCL)

Shell Asset Management Co. cut its stake in shares of Carnival Co. & plc (NYSE:CCLGet Rating) by 14.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,819 shares of the company’s stock after selling 4,605 shares during the quarter. Shell Asset Management Co.’s holdings in Carnival Co. & were worth $563,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its position in Carnival Co. & by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 51,000 shares of the company’s stock valued at $1,001,000 after purchasing an additional 600 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Carnival Co. & by 1.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 60,128 shares of the company’s stock worth $1,216,000 after purchasing an additional 682 shares during the last quarter. We Are One Seven LLC raised its position in shares of Carnival Co. & by 4.8% during the 4th quarter. We Are One Seven LLC now owns 15,645 shares of the company’s stock worth $315,000 after purchasing an additional 710 shares during the last quarter. Howard Financial Services LTD. raised its position in shares of Carnival Co. & by 6.1% during the 1st quarter. Howard Financial Services LTD. now owns 13,475 shares of the company’s stock worth $272,000 after purchasing an additional 776 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of Carnival Co. & by 67.7% during the 1st quarter. TCI Wealth Advisors Inc. now owns 2,070 shares of the company’s stock worth $42,000 after purchasing an additional 836 shares during the last quarter. 65.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Susquehanna assumed coverage on shares of Carnival Co. & in a research report on Thursday, June 9th. They set a “neutral” rating and a $15.00 price target for the company. HSBC reduced their price target on shares of Carnival Co. & from $18.20 to $7.70 and set a “reduce” rating for the company in a research report on Tuesday, June 14th. Wells Fargo & Company dropped their price objective on shares of Carnival Co. & from $21.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, June 27th. StockNews.com raised shares of Carnival Co. & to a “sell” rating in a research note on Wednesday, July 27th. Finally, Susquehanna Bancshares started coverage on shares of Carnival Co. & in a research note on Thursday, June 9th. They set a “neutral” rating and a $15.00 price objective for the company. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.98.

Insiders Place Their Bets

In other Carnival Co. & news, Director Randall J. Weisenburger bought 100,000 shares of Carnival Co. & stock in a transaction on Wednesday, May 25th. The shares were bought at an average cost of $11.76 per share, for a total transaction of $1,176,000.00. Following the acquisition, the director now directly owns 870,950 shares in the company, valued at $10,242,372. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.50% of the stock is owned by company insiders.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $9.35 on Wednesday. The firm’s 50 day moving average price is $10.37 and its 200-day moving average price is $15.83. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.61 and a current ratio of 0.64. Carnival Co. & plc has a one year low of $8.10 and a one year high of $27.39. The firm has a market cap of $9.30 billion, a P/E ratio of -1.16 and a beta of 2.09.

Carnival Co. & (NYSE:CCLGet Rating) last issued its quarterly earnings data on Friday, June 24th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.14) by ($0.50). Carnival Co. & had a negative return on equity of 67.51% and a negative net margin of 156.75%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company posted ($1.80) earnings per share. As a group, equities research analysts predict that Carnival Co. & plc will post -3.77 EPS for the current year.

Carnival Co. & Profile

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Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

See Also

Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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