Nordea Investment Management AB Has $15.63 Million Position in Carnival Co. & plc (NYSE:CCL)

Nordea Investment Management AB lowered its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 620,946 shares of the company's stock after selling 90,650 shares during the period. Nordea Investment Management AB owned 0.05% of Carnival Co. & worth $15,629,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at $25,000. Assetmark Inc. raised its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after acquiring an additional 1,546 shares during the period. CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after acquiring an additional 1,205 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Carnival Co. & during the third quarter worth approximately $46,000. Finally, Avior Wealth Management LLC grew its position in shares of Carnival Co. & by 50.7% in the third 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 during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of several research reports. Macquarie boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Stifel Nicolaus upped their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Bank of America boosted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Citigroup raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Finally, Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research note 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 company's stock. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average price target of $27.18.

Carnival Co. & Price Performance

Shares of CCL traded up $0.37 during trading hours on Thursday, reaching $24.21. The stock had a trading volume of 18,526,352 shares, compared to its average volume of 21,742,129. The stock has a market capitalization of $27.94 billion, a PE ratio of 21.62 and a beta of 2.64. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $27.17. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company's 50-day moving average is $25.02 and its two-hundred day moving average is $20.33.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the firm posted ($0.07) earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. Research analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & 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.