Summit Trail Advisors LLC Sells 912 Shares of Carnival Co. & plc (NYSE:CCL)

Summit Trail Advisors LLC lowered its holdings in Carnival Co. & plc (NYSE:CCL) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,499 shares of the company’s stock after selling 912 shares during the period. Summit Trail Advisors LLC’s holdings in Carnival Co. & were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CCL. Friedenthal Financial acquired a new stake in Carnival Co. & in the 4th quarter valued at $28,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Carnival Co. & by 67.2% in the 4th 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 last quarter. Bfsg LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth about $38,000. Hanseatic Management Services Inc. bought a new position in Carnival Co. & during the 3rd quarter valued at about $30,000. Finally, Planned Solutions Inc. acquired a new position in Carnival Co. & in the fourth quarter valued at about $41,000. 67.19% of the stock is owned by institutional investors and hedge funds.

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.

Carnival Co. & Stock Up 1.4 %

Shares of NYSE CCL opened at $14.32 on Thursday. Carnival Co. & plc has a 52-week low of $9.68 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The stock has a market cap of $16.07 billion, a P/E ratio of 55.08 and a beta of 2.53. The firm has a 50 day moving average price of $15.51 and a 200 day moving average price of $15.62.

Carnival Co. & (NYSE:CCL) 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 expect that Carnival Co. & plc will post 1.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CCL. Argus cut their target price on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Stifel Nicolaus dropped their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. The Goldman Sachs Group began coverage on Carnival Co. & in a research report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Truist Financial boosted their target price on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & 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.