Nordea Investment Management AB Sells 90,650 Shares of Carnival Co. & plc (NYSE:CCL)

Nordea Investment Management AB lessened its stake in shares of Carnival Co. & plc (NYSE:CCL) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 620,946 shares of the company’s stock after selling 90,650 shares during the quarter. Nordea Investment Management AB owned approximately 0.05% of Carnival Co. & worth $15,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CCL. State Street Corp boosted its position in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Carnival Co. & in the 2nd quarter valued at about $466,838,000. Geode Capital Management LLC grew its position in shares of Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after acquiring an additional 2,911,100 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Up 1.6 %

Shares of CCL opened at $24.21 on Thursday. The company has a market capitalization of $27.94 billion, a price-to-earnings ratio of 21.62 and a beta of 2.64. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17. The stock’s 50-day moving average price is $24.97 and its 200-day moving average price is $20.30. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) EPS. On average, sell-side analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCL. Wells Fargo & Company upped their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Barclays upped 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. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Bank of America upped their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Tigress Financial lifted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.18.

Carnival Co. & Company 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.