Calamos Advisors LLC Lowers Position in Carnival Co. & plc (NYSE:CCL)

Calamos Advisors LLC decreased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 97.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 700,921 shares of the company's stock after selling 22,508,381 shares during the quarter. Calamos Advisors LLC owned 0.06% of Carnival Co. & worth $12,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Friedenthal Financial acquired a new stake in shares of Carnival Co. & during the fourth quarter worth about $28,000. Pacific Center for Financial Services acquired a new stake in shares of Carnival Co. & during the first quarter worth about $29,000. Hanseatic Management Services Inc. acquired a new stake in shares of Carnival Co. & during the third quarter worth about $30,000. Massmutual Trust Co. FSB ADV raised its position in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company's stock worth $34,000 after purchasing an additional 739 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company's stock worth $38,000 after purchasing an additional 2,004 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CCL shares. Barclays increased their price objective on Carnival Co. & from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. Wells Fargo & Company upgraded Carnival Co. & from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective for the company in a report on Friday, January 5th. Macquarie increased their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Stifel Nicolaus decreased their price objective on Carnival Co. & from $26.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, March 28th. Finally, Tigress Financial raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average price target of $21.47.

Carnival Co. & Stock Performance

Shares of NYSE CCL traded down $0.06 during midday trading on Friday, hitting $14.12. 29,493,404 shares of the company's stock were exchanged, compared to its average volume of 35,446,316. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a 12 month low of $8.70 and a 12 month high of $19.74. The company's 50 day moving average price is $15.61 and its 200 day moving average price is $15.41. The firm has a market capitalization of $15.85 billion, a PE ratio of 54.31 and a beta of 2.54.

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

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares of the company's stock, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by 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.