Assenagon Asset Management S.A. Sells 428,078 Shares of Carnival Co. & plc (NYSE:CCL)

Assenagon Asset Management S.A. decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 48.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 463,273 shares of the company’s stock after selling 428,078 shares during the period. Assenagon Asset Management S.A.’s holdings in Carnival Co. & were worth $11,545,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CCL. State Street Corp grew its holdings in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Carnival Co. & in the second quarter valued at about $466,838,000. Geode Capital Management LLC grew its stake in Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after buying an additional 8,638,865 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of 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 valued at $122,781,000 after acquiring an additional 6,566,120 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Up 3.2 %

NYSE:CCL opened at $25.85 on Friday. The firm has a market capitalization of $29.83 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.17. The business’s 50-day moving average price is $25.22 and its two-hundred day moving average price is $20.61. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. On average, equities analysts expect that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CCL shares. Citigroup increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company raised their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Barclays upped their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Tigress Financial upped their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.18.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 11.00% of the stock is owned by corporate insiders.

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.