Carnival Corporation (NYSE:CCL) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP lessened its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 54.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 204,795 shares of the company's stock after selling 245,753 shares during the quarter. Tabor Asset Management LP's holdings in Carnival were worth $4,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCL. Thrivent Financial for Lutherans increased its holdings in Carnival by 2.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company's stock valued at $1,366,000 after purchasing an additional 1,085 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Carnival in the fourth quarter valued at $165,000. Teacher Retirement System of Texas bought a new stake in Carnival during the fourth quarter valued at $4,960,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Carnival by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 220,869 shares of the company's stock worth $5,504,000 after acquiring an additional 956 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Carnival during the 4th quarter valued at about $34,000. Institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. BNP Paribas initiated coverage on shares of Carnival in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Bank of America boosted their target price on Carnival from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Loop Capital reaffirmed a "hold" rating and set a $22.00 price target on shares of Carnival in a research note on Monday, June 23rd. Stifel Nicolaus boosted their price objective on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Northcoast Research began coverage on shares of Carnival in a report on Friday, April 25th. They set a "neutral" rating on the stock. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.67.

Carnival Trading Up 0.5%

CCL traded up $0.14 on Tuesday, hitting $29.93. The company had a trading volume of 12,880,989 shares, compared to its average volume of 25,049,352. The business's fifty day simple moving average is $25.30 and its 200 day simple moving average is $23.18. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 12-month low of $13.78 and a 12-month high of $30.46. The company has a market cap of $34.93 billion, a PE ratio of 16.18, a PEG ratio of 0.65 and a beta of 2.61.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business's revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

About Carnival

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.