Skandinaviska Enskilda Banken AB publ Decreases Stock Holdings in Carnival Corporation (NYSE:CCL)

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 19.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,760 shares of the company's stock after selling 51,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Carnival were worth $4,058,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CCL. Graybill Wealth Management LTD. purchased a new stake in Carnival during the first quarter valued at $26,000. Measured Risk Portfolios Inc. purchased a new stake in Carnival during the fourth quarter valued at $29,000. Orion Capital Management LLC purchased a new stake in Carnival during the fourth quarter valued at $30,000. Dunhill Financial LLC raised its stake in Carnival by 1,125.0% during the first quarter. Dunhill Financial LLC now owns 1,862 shares of the company's stock valued at $36,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Wealthquest Corp bought a new position in Carnival during the first quarter valued at $36,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on CCL. Barclays boosted their price objective on shares of Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wall Street Zen upgraded shares of Carnival from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus boosted their price objective on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Truist Financial boosted their price objective on shares of Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Finally, Macquarie cut their price objective on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.35.

Carnival Stock Down 0.1%

NYSE:CCL opened at $29.73 on Tuesday. Carnival Corporation has a 1-year low of $13.78 and a 1-year high of $31.01. The company has a 50-day moving average of $26.14 and a 200 day moving average of $23.42. The firm has a market cap of $34.71 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.67 and a beta of 2.61. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. As a group, research analysts anticipate that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.