Duality Advisers LP Reduces Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Duality Advisers LP trimmed its stake in Carnival Co. & plc (NYSE:CCL) by 47.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,750 shares of the company’s stock after selling 68,421 shares during the period. Duality Advisers LP’s holdings in Carnival Co. & were worth $1,404,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CCL. Deutsche Bank AG boosted its position in shares of Carnival Co. & by 117.5% in the 3rd quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock valued at $48,000,000 after purchasing an additional 1,890,081 shares during the period. International Assets Investment Management LLC grew its position in Carnival Co. & by 1,589.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock worth $331,750,000 after buying an additional 1,683,434 shares during the period. Blackstone Inc. increased its stake in Carnival Co. & by 50.8% in the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after purchasing an additional 1,010,000 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Carnival Co. & by 1,241.9% during the 3rd quarter. Mackenzie Financial Corp now owns 847,950 shares of the company’s stock worth $10,803,000 after buying an additional 784,762 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Carnival Co. & by 126.1% during the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock worth $13,782,000 after acquiring an additional 413,082 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the subject of a number of recent research reports. Susquehanna dropped their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. Argus reduced their price objective on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Tigress Financial increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday. Finally, Stifel Nicolaus decreased their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.47.

Insider Activity

In related news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Trading Up 3.6 %

NYSE CCL opened at $14.79 on Wednesday. Carnival Co. & plc has a one year low of $8.70 and a one year high of $19.74. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 56.88 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The company’s 50 day moving average price is $15.58 and its 200 day moving average price is $15.44.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.55) EPS. On average, sell-side analysts predict that Carnival Co. & plc will post 1.01 EPS for the current year.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.