SG Americas Securities LLC Sells 106,652 Shares of Carnival Co. & plc (NYSE:CCL)

Posted by Defense World Staff on Apr 25th, 2023

SG Americas Securities LLC lessened its holdings in shares of Carnival Co. & plc (NYSE:CCL – Get Rating) by 34.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 204,178 shares of the company’s stock after selling 106,652 shares during the period. SG Americas Securities LLC’s holdings in Carnival Co. & were worth $1,646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. increased its position in Carnival Co. & by 13.3% in the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock valued at $667,000 after acquiring an additional 3,869 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Carnival Co. & by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock worth $2,188,000 after buying an additional 7,248 shares in the last quarter. Yousif Capital Management LLC boosted its position in Carnival Co. & by 3.4% in the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock valued at $2,787,000 after buying an additional 4,536 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Carnival Co. & by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock valued at $95,697,000 after buying an additional 93,169 shares during the period. Finally, Aviva PLC boosted its holdings in Carnival Co. & by 25.5% in the first quarter. Aviva PLC now owns 152,741 shares of the company’s stock valued at $3,088,000 after acquiring an additional 31,037 shares during the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley upped their target price on shares of Carnival Co. & from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Tuesday, January 10th. Barclays increased their target price on Carnival Co. & from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Tuesday, March 28th. Wells Fargo & Company upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and set a $9.00 price objective for the company in a report on Tuesday, March 28th. Citigroup lifted their price target on shares of Carnival Co. & from $9.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 31st. Finally, StockNews.com began coverage on shares of Carnival Co. & in a research report on Thursday, March 16th. They issued a “sell” rating for the company. Four research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has an average rating of “Hold” and an average price target of $11.58.

Carnival Co. & Trading Down 1.1 %

Carnival Co. & stock opened at $9.28 on Tuesday. The company has a debt-to-equity ratio of 5.30, a current ratio of 0.64 and a quick ratio of 0.60. The firm has a 50-day moving average of $10.07 and a 200-day moving average of $9.55. The company has a market cap of $10.36 billion, a price-to-earnings ratio of -2.27 and a beta of 2.22. Carnival Co. & plc has a one year low of $6.11 and a one year high of $18.89.

Carnival Co. & (NYSE:CCL – Get Rating) last posted its quarterly earnings results on Monday, March 27th. The company reported ($0.55) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.05. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.30 billion. Carnival Co. & had a negative return on equity of 57.75% and a negative net margin of 32.68%. The business’s quarterly revenue was up 173.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.65) EPS. On average, equities analysts expect that Carnival Co. & plc will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other news, CFO David Bernstein sold 107,119 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $11.08, for a total transaction of $1,186,878.52. Following the transaction, the chief financial officer now directly owns 286,041 shares in the company, valued at approximately $3,169,334.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Carnival Co. & Company Profile

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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.