Aequim Alternative Investments LP Sells 1,750,000 Shares of Carnival Co. & plc (NYSE:CCL)

Aequim Alternative Investments LP lessened its stake in shares of Carnival Co. & plc (NYSE:CCL) by 59.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,184,900 shares of the company’s stock after selling 1,750,000 shares during the quarter. Aequim Alternative Investments LP owned 0.10% of Carnival Co. & worth $21,897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & in the third quarter valued at about $25,000. Family Firm Inc. bought a new position in Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & in the 2nd quarter valued at about $30,000. Assetmark Inc. grew its holdings in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares during the period. Finally, CVA Family Office LLC grew its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research analyst reports. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Morgan Stanley lifted their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Stifel Nicolaus increased their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Barclays boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Truist Financial raised their target price on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $24.79.

Carnival Co. & Stock Down 4.5 %

Carnival Co. & stock opened at $25.41 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $29.32 billion, a PE ratio of 22.68 and a beta of 2.67. The firm’s fifty day moving average is $22.75 and its 200 day moving average is $18.88. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.00% of the stock is currently owned by insiders.

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.