SG Americas Securities LLC Sells 241,220 Shares of Carnival Co. & plc (NYSE:CCL)

SG Americas Securities LLC trimmed its position in shares of Carnival Co. & plc (NYSE:CCLGet Rating) by 76.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,280 shares of the company’s stock after selling 241,220 shares during the quarter. SG Americas Securities LLC’s holdings in Carnival Co. & were worth $1,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Carnival Co. & by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 14,682,847 shares of the company’s stock worth $294,677,000 after purchasing an additional 399,545 shares in the last quarter. Candlestick Capital Management LP boosted its position in shares of Carnival Co. & by 26.3% during the fourth quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company’s stock worth $111,808,000 after purchasing an additional 1,157,058 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Carnival Co. & by 13.2% during the fourth quarter. Earnest Partners LLC now owns 4,299,428 shares of the company’s stock worth $86,504,000 after purchasing an additional 501,758 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Carnival Co. & by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,288,041 shares of the company’s stock worth $86,276,000 after purchasing an additional 131,024 shares in the last quarter. Finally, Sirios Capital Management L P boosted its position in shares of Carnival Co. & by 76.0% during the fourth quarter. Sirios Capital Management L P now owns 1,436,611 shares of the company’s stock worth $28,905,000 after purchasing an additional 620,474 shares in the last quarter. 65.38% of the stock is owned by institutional investors.

Insider Transactions at Carnival Co. &

In related news, Director Randall J. Weisenburger purchased 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were acquired at an average price of $11.76 per share, for a total transaction of $1,176,000.00. Following the purchase, the director now owns 870,950 shares in the company, valued at $10,242,372. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Susquehanna assumed coverage on shares of Carnival Co. & in a research report on Thursday, June 9th. They issued a “neutral” rating and a $15.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Carnival Co. & from $21.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, June 27th. UBS Group cut their price objective on shares of Carnival Co. & from $23.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, July 8th. Peel Hunt cut shares of Carnival Co. & to a “buy” rating in a research report on Tuesday, June 28th. Finally, Stifel Nicolaus cut their price objective on shares of Carnival Co. & from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, June 27th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.98.

Carnival Co. & Stock Up 4.1 %

Carnival Co. & stock opened at $8.85 on Thursday. The firm has a market capitalization of $8.80 billion, a PE ratio of -1.10 and a beta of 2.15. The company’s 50-day moving average is $10.67 and its 200-day moving average is $16.24. Carnival Co. & plc has a fifty-two week low of $8.10 and a fifty-two week high of $27.39. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.64 and a quick ratio of 0.61.

Carnival Co. & (NYSE:CCLGet Rating) last released its quarterly earnings data on Friday, June 24th. The company reported ($1.64) earnings per share for the quarter, missing the consensus estimate of ($1.14) by ($0.50). The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.83 billion. Carnival Co. & had a negative return on equity of 67.51% and a negative net margin of 156.75%. During the same quarter in the prior year, the firm earned ($1.80) earnings per share. Sell-side analysts anticipate that Carnival Co. & plc will post -3.49 earnings per share 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.

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

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