Carnival Corporation (NYSE:CCL) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of Carnival Corporation (NYSE:CCL) by 13.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,563 shares of the company’s stock after selling 8,095 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Carnival were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Nuveen Asset Management LLC boosted its position in Carnival by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after acquiring an additional 5,761,489 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Carnival during the fourth quarter worth approximately $100,845,000. AQR Capital Management LLC boosted its position in Carnival by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock worth $116,857,000 after acquiring an additional 3,263,204 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Carnival by 9,220.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,297,434 shares of the company’s stock worth $82,172,000 after acquiring an additional 3,262,055 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Carnival by 58.1% during the fourth quarter. Two Sigma Advisers LP now owns 7,056,246 shares of the company’s stock worth $175,842,000 after acquiring an additional 2,593,046 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.60% of the company’s stock.

Analyst Ratings Changes

CCL has been the topic of a number of analyst reports. Macquarie decreased their target price on shares of Carnival from $31.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Morgan Stanley raised their target price on shares of Carnival from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Loop Capital restated a “hold” rating and set a $22.00 target price on shares of Carnival in a research report on Monday, June 23rd. Susquehanna increased their price target on shares of Carnival from $27.00 to $30.00 and gave the stock a “positive” rating in a research note on Wednesday, June 25th. Finally, Mizuho increased their price target on shares of Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.71.

Carnival Trading Up 0.8%

Carnival stock opened at $28.60 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The firm has a 50-day moving average price of $27.43 and a two-hundred day moving average price of $23.71. The firm has a market capitalization of $33.39 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 0.63 and a beta of 2.70. Carnival Corporation has a 52-week low of $14.49 and a 52-week high of $31.01.

Carnival (NYSE:CCL) last posted its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. Carnival’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. Sell-side analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.