Shell Asset Management Co. Lowers Position in Carnival Co. & plc (NYSE:CCL)

Shell Asset Management Co. decreased its position in Carnival Co. & plc (NYSE:CCLGet Rating) by 14.2% during the 1st quarter, Holdings Channel reports. 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 filing with the Securities & Exchange Commission.

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

Insider Transactions at Carnival Co. &

In other news, Director Randall J. Weisenburger bought 100,000 shares of Carnival Co. & stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average cost of $11.76 per share, with a total value of $1,176,000.00. Following the completion of the transaction, the director now owns 870,950 shares in the company, valued at approximately $10,242,372. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.50% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $9.35 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 3.54. Carnival Co. & plc has a 52-week low of $8.10 and a 52-week high of $27.39. The company has a 50 day moving average of $10.37 and a two-hundred day moving average of $15.83. The company 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 released its quarterly earnings data on Friday, June 24th. The company reported ($1.64) earnings per share (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 business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm earned ($1.80) earnings per share. On average, analysts expect that Carnival Co. & plc will post -3.77 earnings per share for the current year.

Analyst Ratings Changes

CCL has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Carnival Co. & from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, June 27th. UBS Group cut their target price on shares of Carnival Co. & from $23.00 to $12.00 and set a “buy” rating for the company 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. Morgan Stanley cut their target price on shares of Carnival Co. & from $13.00 to $7.00 and set an “underweight” rating for the company in a research report on Wednesday, June 29th. Finally, Wells Fargo & Company cut their target price on shares of Carnival Co. & from $21.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.98.

Carnival Co. & Company 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

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

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