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

Alhambra Investment Management LLC lowered its stake in Carnival Co. & plc (NYSE:CCL) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Carnival Co. & in the 2nd quarter worth about $466,838,000. Marshall Wace LLP grew its position in Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Mizuho Securities USA LLC increased its stake in Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the period. International Assets Investment Management LLC lifted its position in shares of Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CCL. Macquarie raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Tigress Financial raised their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Bank of America raised their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial increased their price objective on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $27.18.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.00% of the stock is owned by insiders.

Carnival Co. & Trading Up 3.2 %

Carnival Co. & stock opened at $25.85 on Friday. The stock has a 50-day moving average price of $25.19 and a 200 day moving average price of $20.55. The company has a market capitalization of $29.83 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17. 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. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Carnival Co. & plc will post 1.74 EPS for the current year.

Carnival Co. & 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.