Amalgamated Bank Trims Holdings in Carnival Co. & plc (NYSE:CCL)

Amalgamated Bank lowered its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,463 shares of the company’s stock after selling 9,836 shares during the quarter. Amalgamated Bank’s holdings in Carnival Co. & were worth $4,514,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Great Valley Advisor Group Inc. boosted its position in shares of Carnival Co. & by 5.7% during the fourth quarter. Great Valley Advisor Group Inc. now owns 18,066 shares of the company’s stock worth $335,000 after acquiring an additional 981 shares during the last quarter. Wealthfront Advisers LLC increased its stake in Carnival Co. & by 447.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock worth $2,959,000 after acquiring an additional 176,286 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $1,368,000. Patton Fund Management Inc. grew its holdings in shares of Carnival Co. & by 981.9% in the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock valued at $1,497,000 after purchasing an additional 99,046 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Carnival Co. & by 126.1% in the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock worth $13,782,000 after purchasing an additional 413,082 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $14.13 on Wednesday. Carnival Co. & plc has a 52 week low of $9.68 and a 52 week high of $19.74. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The firm has a market cap of $15.85 billion, a P/E ratio of 54.33 and a beta of 2.53. The business’s 50 day moving average price is $15.51 and its 200 day moving average price is $15.62.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. The firm 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 was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.55) earnings per share. On average, sell-side analysts expect that Carnival Co. & plc will post 1.02 earnings per share for the current year.

Insider Transactions at Carnival Co. &

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCL. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price on the stock. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Argus dropped their target price on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 1st. Tigress Financial boosted their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Barclays lifted their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Company Profile

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.