Calamos Advisors LLC Sells 22,508,381 Shares of Carnival Co. & plc (NYSE:CCL)

Calamos Advisors LLC trimmed its position in Carnival Co. & plc (NYSE:CCL) by 97.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700,921 shares of the company’s stock after selling 22,508,381 shares during the period. Calamos Advisors LLC owned 0.06% of Carnival Co. & worth $12,995,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised 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 in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Carnival Co. & by 67.2% during the 4th 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 in the last quarter. Lido Advisors LLC raised its position in shares of Carnival Co. & by 0.4% during the 1st quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock valued at $3,826,000 after buying an additional 803 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Carnival Co. & by 3.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 35,228 shares of the company’s stock valued at $358,000 after buying an additional 1,021 shares in the last quarter. Finally, Ieq Capital LLC raised its position in shares of Carnival Co. & by 2.9% during the 3rd quarter. Ieq Capital LLC now owns 37,290 shares of the company’s stock valued at $512,000 after buying an additional 1,045 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CCL shares. Mizuho started coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price objective on the stock. Susquehanna lowered their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Monday, March 25th. JPMorgan Chase & Co. lifted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Carnival Co. & from $14.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, Stifel Nicolaus decreased their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Trading Down 0.5 %

Shares of CCL opened at $14.12 on Friday. The firm’s 50-day moving average price is $15.61 and its 200-day moving average price is $15.39. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 54.29 and a beta of 2.54. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a 1-year low of $8.70 and a 1-year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.79% and a return on equity of 7.75%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.55) EPS. Sell-side analysts anticipate that Carnival Co. & plc will post 1.01 EPS for the current year.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

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.