Mad River Investors Has $4.01 Million Position in Carnival Co. & plc (NYSE:CCL)

Mad River Investors decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,500 shares of the company's stock after selling 75,000 shares during the period. Carnival Co. & comprises 3.7% of Mad River Investors' portfolio, making the stock its 6th biggest holding. Mad River Investors' holdings in Carnival Co. & were worth $4,014,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Carnival Co. & by 19.5% in the 3rd quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company's stock worth $768,036,000 after purchasing an additional 17,815,226 shares during the last quarter. Geode Capital Management LLC grew its stake in Carnival Co. & by 2.3% during the first quarter. Geode Capital Management LLC now owns 20,504,071 shares of the company's stock worth $207,642,000 after buying an additional 469,764 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Carnival Co. & by 27.6% during the first quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company's stock worth $113,658,000 after buying an additional 2,423,700 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Carnival Co. & by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,279,978 shares of the company's stock valued at $74,797,000 after acquiring an additional 736,456 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Carnival Co. & by 177.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,132,897 shares of the company's stock worth $153,142,000 after acquiring an additional 5,201,843 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 3.5 %

NYSE CCL traded down $0.55 during trading on Wednesday, reaching $14.95. 33,076,828 shares of the stock traded hands, compared to its average volume of 32,634,754. The stock's 50-day moving average price is $15.89 and its 200 day moving average price is $15.39. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The firm has a market cap of $16.78 billion, a price-to-earnings ratio of 58.38 and a beta of 2.54. Carnival Co. & plc has a fifty-two week low of $8.70 and a fifty-two week high of $19.74.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm's revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.55) EPS. Analysts predict that Carnival Co. & plc will post 1.01 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on CCL. Mizuho assumed coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a "buy" rating and a $21.00 price target for the company. Tigress Financial raised their target price on Carnival Co. & from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. Stifel Nicolaus reduced their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. Finally, Susquehanna dropped their target price on shares of Carnival Co. & from $23.00 to $22.00 and set a "positive" rating for the company in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.47.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the transaction, the chief financial officer now owns 181,981 shares in the company, valued at $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.00% of the stock is currently owned by company insiders.

About Carnival Co. &

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.