Versor Investments LP Sells 39,586 Shares of Carnival Corporation $CCL

Versor Investments LP decreased its holdings in shares of Carnival Corporation (NYSE:CCL) by 74.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,705 shares of the company’s stock after selling 39,586 shares during the period. Versor Investments LP’s holdings in Carnival were worth $419,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOCHK Asset Management Ltd bought a new stake in shares of Carnival during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Carnival in the 3rd quarter valued at $25,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after buying an additional 762 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Carnival by 182.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock valued at $30,000 after buying an additional 659 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Carnival in the 3rd quarter valued at $30,000. Institutional investors own 67.19% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the transaction, the director directly owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 12,000 shares of company stock valued at $314,265. 7.90% of the stock is currently owned by corporate insiders.

Carnival Price Performance

Shares of NYSE CCL opened at $25.20 on Friday. The firm has a market cap of $31.22 billion, a PE ratio of 11.20, a PEG ratio of 1.11 and a beta of 2.33. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82. Carnival Corporation has a 1-year low of $21.62 and a 1-year high of $34.03. The company has a fifty day moving average price of $26.21 and a 200 day moving average price of $28.14.

Carnival (NYSE:CCL) last announced its earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. Research analysts predict that Carnival Corporation will post 2.21 earnings per share for the current fiscal year.

Carnival Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Carnival’s dividend payout ratio is presently 26.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of Carnival from $39.00 to $35.00 and set a “buy” rating for the company in a report on Monday, March 30th. Weiss Ratings raised shares of Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. The Goldman Sachs Group decreased their price target on shares of Carnival from $34.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Wells Fargo & Company decreased their price target on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Finally, Zacks Research lowered shares of Carnival from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Twenty equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.37.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.