Atom Investors LP Sells 37,207 Shares of Carnival Co. & plc (NYSE:CCL)

Atom Investors LP lowered its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 66.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,760 shares of the company's stock after selling 37,207 shares during the period. Atom Investors LP's holdings in Carnival Co. & were worth $347,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Carnival Co. & in the third quarter worth $1,157,000. Encompass More Asset Management bought a new stake in Carnival Co. & during the third quarter valued at about $311,000. Edgestream Partners L.P. grew its holdings in Carnival Co. & by 1,556.9% during the third quarter. Edgestream Partners L.P. now owns 267,451 shares of the company's stock valued at $4,942,000 after purchasing an additional 251,309 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Carnival Co. & by 557.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 203,300 shares of the company's stock valued at $3,757,000 after purchasing an additional 172,400 shares during the period. Finally, Verition Fund Management LLC grew its holdings in Carnival Co. & by 115.0% during the third quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company's stock valued at $44,436,000 after purchasing an additional 1,286,054 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Trading Down 1.2 %

Shares of CCL traded down $0.33 during mid-day trading on Thursday, reaching $26.45. 21,635,577 shares of the company's stock traded hands, compared to its average volume of 29,048,025. The stock has a market cap of $30.53 billion, a P/E ratio of 24.18 and a beta of 2.67. The stock's 50-day moving average is $22.30 and its two-hundred day moving average is $18.64. 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 current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.82 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company's quarterly revenue was up 15.2% on a year-over-year basis. Research analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a report on Friday, September 20th. Mizuho boosted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday. Barclays boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an "underweight" rating in a research report on Tuesday, October 1st. Finally, Bank of America boosted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.79.

Insider Buying and Selling

In other Carnival Co. & 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 transaction of $380,100.00. Following the sale, the director now owns 65,789 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by insiders.

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.