SG Americas Securities LLC Sells 112,025 Shares of Carnival Co. & plc (NYSE:CCL)

SG Americas Securities LLC reduced its position in Carnival Co. & plc (NYSE:CCL) by 9.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,137,269 shares of the company’s stock after selling 112,025 shares during the period. SG Americas Securities LLC owned 0.10% of Carnival Co. & worth $28,341,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CCL. Vaughan Nelson Investment Management L.P. boosted its stake in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after purchasing an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Carnival Co. & in the 3rd quarter worth $1,140,000. Commonwealth Equity Services LLC increased its holdings in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after acquiring an additional 24,198 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after purchasing an additional 79,857 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Down 1.3 %

Shares of NYSE:CCL opened at $25.28 on Thursday. The firm’s 50 day moving average price is $25.27 and its 200 day moving average price is $20.77. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two 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 issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for 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 firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share. As a group, equities research analysts predict that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

Insider Activity at Carnival Co. &

In related 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 value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Macquarie upped their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial upped their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, Mizuho upped their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.18.

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.