Alhambra Investment Management LLC Sells 8,562 Shares of Carnival Co. & plc (NYSE:CCL)

Alhambra Investment Management LLC lessened its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,574 shares of the company’s stock after selling 8,562 shares during the period. Alhambra Investment Management LLC’s holdings in Carnival Co. & were worth $563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC raised its holdings in shares of Carnival Co. & by 149.2% during the fourth quarter. Merit Financial Group LLC now owns 27,130 shares of the company’s stock valued at $676,000 after acquiring an additional 16,243 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Carnival Co. & by 718.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after purchasing an additional 1,901,224 shares in the last quarter. Avanza Fonder AB bought a new position in Carnival Co. & in the 4th quarter worth $1,904,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Carnival Co. & during the fourth quarter valued at about $3,459,000. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCL. Tigress Financial lifted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Macquarie increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Barclays lifted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $27.18.

Carnival Co. & Stock Up 3.2 %

NYSE CCL opened at $25.85 on Friday. The stock’s 50-day moving average price is $25.19 and its 200-day moving average price is $20.55. The company has a market capitalization of $29.83 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) earnings per share. On average, equities research analysts predict that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Company 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.