Calamos Advisors LLC Reduces Stock Position in Carnival Co. & plc (NYSE:CCL)

Calamos Advisors LLC reduced its holdings in Carnival Co. & plc (NYSE:CCL) by 97.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 700,921 shares of the company’s stock after selling 22,508,381 shares during the period. Calamos Advisors LLC’s holdings in Carnival Co. & were worth $12,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Friedenthal Financial purchased a new position in shares of Carnival Co. & in the 4th quarter worth $28,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares in the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of Carnival Co. & in the 3rd quarter worth about $30,000. Planned Solutions Inc. bought a new stake in shares of Carnival Co. & in the 4th quarter worth about $41,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Carnival Co. & by 254.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after acquiring an additional 2,004 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Tigress Financial raised their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Susquehanna lowered their target price on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. The Goldman Sachs Group assumed coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Barclays raised their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.47.

Insider Transactions at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.00% of the company’s stock.

Carnival Co. & Trading Down 0.5 %

NYSE:CCL opened at $14.12 on Friday. Carnival Co. & plc has a one year low of $8.70 and a one year high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm has a market cap of $15.84 billion, a P/E ratio of 54.29 and a beta of 2.54. The firm has a 50-day simple moving average of $15.61 and a 200-day simple moving average of $15.39.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the firm earned ($0.55) EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. Equities analysts anticipate that Carnival Co. & plc will post 1.01 EPS for the current fiscal year.

About Carnival Co. &

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.