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

Assenagon Asset Management S.A. cut its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 463,273 shares of the company's stock after selling 428,078 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Carnival Co. & were worth $11,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the third quarter worth about $25,000. Assetmark Inc. lifted its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after buying an additional 1,546 shares during the period. CVA Family Office LLC boosted its stake in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock valued at $36,000 after buying an additional 1,205 shares in the last quarter. Morse Asset Management Inc acquired a new position in Carnival Co. & during the third quarter worth $46,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Carnival Co. & by 50.7% in the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company's stock valued at $51,000 after purchasing an additional 924 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CCL shares. Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Tigress Financial increased their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Stifel Nicolaus upped their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price target for the company. Finally, Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.18.

Carnival Co. & Stock Performance

NYSE:CCL traded up $0.80 during mid-day trading on Friday, hitting $25.85. 21,334,660 shares of the stock were exchanged, compared to its average volume of 17,923,508. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm's 50-day simple moving average is $25.22 and its 200 day simple moving average is $20.63. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The stock has a market capitalization of $29.83 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) EPS. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.

Carnival Co. & Company 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.