Stevens Capital Management LP Takes $364,000 Position in Carnival Co. & plc (NYSE:CCL)

Stevens Capital Management LP bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the fourth quarter, Holdings Channel.com reports. The fund bought 19,650 shares of the company’s stock, valued at approximately $364,000.

A number of other hedge funds have also recently made changes to their positions in CCL. Sunbelt Securities Inc. grew its position in shares of Carnival Co. & by 4.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock valued at $209,000 after buying an additional 601 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Carnival Co. & by 10.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock valued at $136,000 after acquiring an additional 689 shares during the period. Massmutual Trust Co. FSB ADV boosted 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 valued at $34,000 after buying an additional 739 shares during the last quarter. Signaturefd LLC increased its stake in Carnival Co. & by 8.7% in the 4th quarter. Signaturefd LLC now owns 10,648 shares of the company’s stock valued at $197,000 after buying an additional 852 shares during the last quarter. Finally, Ieq Capital LLC raised its position in Carnival Co. & by 2.9% in the third quarter. Ieq Capital LLC now owns 37,290 shares of the company’s stock worth $512,000 after acquiring an additional 1,045 shares during the period. Institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Down 0.6 %

Shares of CCL traded down $0.09 during mid-day trading on Friday, hitting $15.09. 20,446,324 shares of the company traded hands, compared to its average volume of 31,717,680. The business has a 50 day moving average of $15.57 and a 200 day moving average of $15.44. Carnival Co. & plc has a 1-year low of $8.72 and a 1-year high of $19.74. The company has a market capitalization of $16.93 billion, a PE ratio of 58.00 and a beta of 2.54. 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. & (NYSE:CCL) last released its quarterly 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 firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. Carnival Co. &’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.55) EPS. Equities research analysts anticipate that Carnival Co. & plc will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Tigress Financial upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Argus cut their price objective on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday. Mizuho started coverage on Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Stifel Nicolaus decreased their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.47.

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.