Carnival Co. & plc (NYSE:CCL) Shares Sold by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. decreased its stake in shares of Carnival Co. & plc (NYSE:CCLGet Rating) by 37.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 968,442 shares of the company’s stock after selling 568,200 shares during the period. Sprucegrove Investment Management Ltd.’s holdings in Carnival Co. & were worth $19,582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Carnival Co. & by 3.6% in the first quarter. Vanguard Group Inc. now owns 90,114,182 shares of the company’s stock worth $1,822,109,000 after acquiring an additional 3,122,603 shares in the last quarter. Candlestick Capital Management LP increased its position in shares of Carnival Co. & by 26.3% in the fourth quarter. Candlestick Capital Management LP now owns 5,557,058 shares of the company’s stock worth $111,808,000 after acquiring an additional 1,157,058 shares in the last quarter. Sirios Capital Management L P increased its position in shares of Carnival Co. & by 76.0% in the fourth quarter. Sirios Capital Management L P now owns 1,436,611 shares of the company’s stock worth $28,905,000 after acquiring an additional 620,474 shares in the last quarter. Ergoteles LLC increased its position in shares of Carnival Co. & by 310.1% in the first quarter. Ergoteles LLC now owns 712,426 shares of the company’s stock worth $14,405,000 after acquiring an additional 538,688 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Carnival Co. & by 14.8% in the first quarter. Swiss National Bank now owns 3,611,827 shares of the company’s stock worth $73,031,000 after acquiring an additional 465,500 shares in the last quarter. Institutional investors and hedge funds own 50.56% of the company’s stock.

Carnival Co. & Trading Up 3.2 %

NYSE CCL opened at $10.40 on Friday. Carnival Co. & plc has a 12 month low of $8.10 and a 12 month 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. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of -1.29 and a beta of 2.03. The company’s fifty day moving average price is $9.65 and its two-hundred day moving average price is $13.67.

Carnival Co. & (NYSE:CCLGet Rating) last posted its quarterly earnings results on Friday, June 24th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the business posted ($1.80) earnings per share. As a group, research analysts predict that Carnival Co. & plc will post -3.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Carnival Co. & from $24.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, June 21st. UBS Group decreased 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 note on Friday, July 8th. Peel Hunt downgraded shares of Carnival Co. & to a “buy” rating in a research note on Tuesday, June 28th. Barclays started coverage on shares of Carnival Co. & in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $14.00 target price for the company. Finally, Citigroup decreased their target price on shares of Carnival Co. & from $22.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.98.

About Carnival Co. &

(Get Rating)

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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