Lincluden Management Ltd. Trims Stock Position in Carnival Co. & plc (NYSE:CCL)

Lincluden Management Ltd. trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 128,440 shares of the company’s stock after selling 1,920 shares during the period. Lincluden Management Ltd.’s holdings in Carnival Co. & were worth $3,386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in Carnival Co. & by 95.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 170,221 shares of the company’s stock worth $4,518,000 after purchasing an additional 83,180 shares in the last quarter. IndexIQ Advisors LLC lifted its stake in shares of Carnival Co. & by 61.8% in the 1st quarter. IndexIQ Advisors LLC now owns 12,889 shares of the company’s stock valued at $342,000 after purchasing an additional 4,921 shares during the period. Mariner LLC boosted its holdings in Carnival Co. & by 41.1% during the first quarter. Mariner LLC now owns 47,195 shares of the company’s stock worth $1,253,000 after buying an additional 13,749 shares in the last quarter. American International Group Inc. grew its position in Carnival Co. & by 4.6% during the first quarter. American International Group Inc. now owns 243,301 shares of the company’s stock valued at $6,457,000 after buying an additional 10,627 shares during the period. Finally, BlackRock Inc. increased its holdings in Carnival Co. & by 18.9% in the first quarter. BlackRock Inc. now owns 45,135,027 shares of the company’s stock valued at $1,197,882,000 after buying an additional 7,163,335 shares in the last quarter. 52.60% of the stock is currently owned by institutional investors.

Shares of CCL traded up $1.22 during trading on Monday, reaching $26.66. 1,138,554 shares of the company traded hands, compared to its average volume of 34,671,934. The stock has a 50-day simple moving average of $22.94 and a 200-day simple moving average of $25.80. The stock has a market cap of $25.96 billion, a PE ratio of -2.61 and a beta of 2.31. Carnival Co. & plc has a twelve month low of $12.11 and a twelve month high of $31.52. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 1.45.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, June 28th. The company reported ($1.80) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.61) by ($0.19). The company had revenue of $50.00 million for the quarter, compared to analysts’ expectations of $128.88 million. Carnival Co. & had a negative return on equity of 38.85% and a negative net margin of 6,471.63%. On average, equities research analysts predict that Carnival Co. & plc will post -6.01 EPS for the current year.

In related news, CFO David Bernstein sold 11,662 shares of the business’s stock in a transaction on Wednesday, July 14th. The stock was sold at an average price of $23.03, for a total value of $268,575.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.30% of the stock is owned by corporate insiders.

A number of brokerages have commented on CCL. Berenberg Bank raised Carnival Co. & from a “sell” rating to a “hold” rating in a report on Wednesday, July 14th. Wolfe Research upgraded Carnival Co. & from a “peer perform” rating to an “outperform” rating in a report on Wednesday, June 16th. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $33.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, June 17th. HSBC raised their price target on shares of Carnival Co. & from $14.70 to $18.30 and gave the stock a “reduce” rating in a research note on Thursday, August 19th. Finally, Argus upped their price objective on shares of Carnival Co. & from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, June 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Carnival Co. & currently has an average rating of “Hold” and an average target price of $29.08.

About Carnival Co. &

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 Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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