Facebook (FB) Shareholder Chase Investment Counsel Lowered Its Holding by $1.60 Million; As Carnival (CCL) Stock Price Declined, Shellback Capital LP Upped Position by $3.90 Million

June 20, 2018 - By Hazel Jackson

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Shellback Capital Lp increased its stake in Carnival Corp (CCL) by 17.78% based on its latest 2018Q1 regulatory filing with the SEC. Shellback Capital Lp bought 60,000 shares as the company’s stock declined 6.40% with the market. The institutional investor held 397,500 shares of the marine transportation company at the end of 2018Q1, valued at $26.07M, up from 337,500 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Carnival Corp for a number of months, seems to be bullish on the $45.28 billion market cap company. The stock decreased 0.11% or $0.07 during the last trading session, reaching $63.4. About 1.05 million shares traded. Carnival Corporation (NYSE:CCL) has risen 2.36% since June 20, 2017 and is uptrending. It has underperformed by 10.21% the S&P500. Some Historical CCL News: 15/03/2018 – CARNIVAL GROUP INTERNATIONAL HOLDINGS LTD – WU YANQI APPOINTED AS AN EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER; 30/05/2018 – newsbox.ch/ Dufry signs new contracts with Holland America Line, Carnival and Norwegian Cruise Line – further expands its footprint in the cruise channel; 12/03/2018 – Holland America Line Premieres ‘Planet Earth Il in Concert’ Featuring Breathtaking Footage and Live Music in Partnership with BBC Earth; 13/03/2018 – Cunard and Ancestry.com Collaborate to Offer Special Event Crossing: “A Journey of Genealogy”; 11/04/2018 – Carnival PLC: Dividend Declaration; 03/04/2018 – Cruise line Carnival says it will join the fight to contest Bermuda’s same-sex marriage ban; 11/04/2018 – CARNIVAL BOOSTS QUARTERLY DIV 11% TO 50C/SHR FROM 45C, EST. 45C; 24/05/2018 – Queen Latifah Names New Carnival Horizon in Naming Ceremony Showcasing Talented Young Artists of St. Jude Children’s Research HospitalĀ®; 11/04/2018 – CARNIVAL CORP – APPROVED RE-AUTHORIZATION OF UP TO $1 BLN IN SHARE REPURCHASES; 11/04/2018 – Carnival Board Approves Reauthorization of Up to $1B Share Repurchases

Chase Investment Counsel Corp decreased its stake in Facebook Inc (FB) by 35.52% based on its latest 2018Q1 regulatory filing with the SEC. Chase Investment Counsel Corp sold 10,067 shares as the company’s stock declined 0.01% with the market. The institutional investor held 18,271 shares of the technology company at the end of 2018Q1, valued at $2.92 million, down from 28,338 at the end of the previous reported quarter. Chase Investment Counsel Corp who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $586.42B market cap company. The stock increased 2.58% or $5.1 during the last trading session, reaching $202.59. About 11.57 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 20, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 04/04/2018 – Facebook says up to 87m users may be affected by data scandal; 15/05/2018 – Senator Investment Adds Facebook, Exits Bank of America: 13F; 19/04/2018 – GERMAN BREXIT COORDINATOR PETER PTASSEK COMMENTS ON FACEBOOK; 11/04/2018 – Facebook Still Wins as Celebs Delete Profiles But Keep `Instas’; 08/05/2018 – Facebook Bans Foreign Advertisers for Ireland Abortion Referendum; 11/04/2018 – WXOW News 19: BREAKING: Facebook CEO acknowledges his own personal data was sold to third parties in congressional testimony; 12/04/2018 – Facebook Doesn’t Expect Revenue Impact Over Privacy Concerns — Exec; 08/04/2018 – The Shift: Facebook’s Other Critics: Its Viral Stars; 25/04/2018 – FACEBOOK SAYS IN APRIL INCREASED BUYBACK PROGRAM BY ADDED $9B; 27/03/2018 – MEDIA-Facebook delays home-speaker unveil amid data crisis – Bloomberg

Since January 9, 2018, it had 0 insider buys, and 70 insider sales for $3.22 billion activity. The insider Zuckerberg Mark sold $47.74 million. On Monday, May 14 the insider Koum Jan sold $231.84M. Stretch Colin sold 750 shares worth $139,500. $6.15 million worth of Facebook, Inc. (NASDAQ:FB) shares were sold by Schroepfer Michael Todd. Cox Christopher K sold 10,600 shares worth $1.96M. The insider FISCHER DAVID B. sold $3.36M.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 273 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Facebook, Inc. (NASDAQ:FB) on Sunday, April 8 with “Buy” rating. As per Thursday, November 5, the company rating was maintained by Pivotal Research. The firm earned “Buy” rating on Wednesday, October 11 by Piper Jaffray. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, November 2 by Robert W. Baird. The rating was initiated by Argus Research with “Buy” on Thursday, October 8. Morgan Stanley maintained the shares of FB in report on Thursday, April 26 with “Overweight” rating. The stock has “Buy” rating by SunTrust on Thursday, October 19. Stifel Nicolaus maintained the shares of FB in report on Thursday, March 22 with “Hold” rating. Bank of America maintained the stock with “Buy” rating in Tuesday, March 27 report. The firm has “Buy” rating by Cowen & Co given on Thursday, January 4.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.34, from 1.21 in 2017Q4. It is negative, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Douglass Winthrop Advsr Ltd Limited Liability Company owns 0.24% invested in Facebook, Inc. (NASDAQ:FB) for 31,171 shares. Rockland Tru, a Massachusetts-based fund reported 59,088 shares. Lehman Fincl Resources owns 2,937 shares or 0.24% of their US portfolio. Barr E S Company reported 0.05% of its portfolio in Facebook, Inc. (NASDAQ:FB). Schnieders Capital Mngmt Ltd Liability Corp stated it has 0.9% of its portfolio in Facebook, Inc. (NASDAQ:FB). Centurylink Inv Mgmt Com, a Colorado-based fund reported 25,110 shares. Owl Creek Asset Management LP has invested 1.33% in Facebook, Inc. (NASDAQ:FB). The New Mexico-based Hanseatic Mngmt Svcs has invested 0.12% in Facebook, Inc. (NASDAQ:FB). Laurion Cap Mngmt Lp invested in 0.46% or 353,690 shares. Montrusco Bolton owns 101,731 shares. Ramsay Stattman Vela & Price accumulated 1,310 shares or 0.08% of the stock. Signature Est & Advisors Ltd Co invested 0.05% in Facebook, Inc. (NASDAQ:FB). Blue Chip Prtnrs invested in 0.03% or 626 shares. Scotia Capital has invested 0.5% in Facebook, Inc. (NASDAQ:FB). Chilton Cap Limited Liability accumulated 90,146 shares or 1.44% of the stock.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 EPS, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98 billion for 29.45 P/E if the $1.72 EPS becomes a reality. After $1.69 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Seekingalpha.com which released: “NYT’s social media relations: Google’s good, Facebook’s failing” on June 19, 2018, also Livetradingnews.com with their article: “Facebook, Inc. (NASDAQ:FB) Target Raised to $255.00” published on June 18, 2018, Nasdaq.com published: “Facebook Inc (FB) Adds User Reviews for Ads to Identify Bad Businesses” on June 13, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Nasdaq.com and their article: “Trade of the Day: Facebook, Inc. (FB)” published on June 19, 2018 as well as Livetradingnews.com‘s news article titled: “Facebook, Inc. (NASDAQ:FB) just hit an all-time high” with publication date: June 19, 2018.

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.04, from 1.22 in 2017Q4. It dived, as 46 investors sold CCL shares while 219 reduced holdings. 73 funds opened positions while 240 raised stakes. 394.90 million shares or 0.79% less from 398.04 million shares in 2017Q4 were reported. South Dakota Inv Council has 27,700 shares. Cullen Frost Bankers Inc invested in 0.51% or 264,730 shares. Moreover, Carret Asset Mngmt Limited Liability Com has 0.69% invested in Carnival Corporation (NYSE:CCL) for 63,653 shares. Andra Ap stated it has 78,800 shares. Asset Advisors reported 182,589 shares. Texas Permanent School Fund holds 0.09% or 104,895 shares. Benjamin F Edwards & Inc owns 494 shares or 0% of their US portfolio. Nomura Hldgs Inc stated it has 0.01% in Carnival Corporation (NYSE:CCL). Lodestar Inv Counsel Lc Il accumulated 0.1% or 12,855 shares. Hanson Mcclain invested in 0.01% or 1,222 shares. Alphaone Invest Svcs Ltd owns 846 shares. Private Asset Management Inc owns 0.09% invested in Carnival Corporation (NYSE:CCL) for 7,900 shares. Natixis Advsr Limited Partnership stated it has 227,082 shares or 0.15% of all its holdings. Hs Mngmt Prtnrs Limited Company invested in 2.18M shares. Moreover, Lpl Limited Liability Corp has 0.01% invested in Carnival Corporation (NYSE:CCL) for 61,392 shares.

Among 29 analysts covering Carnival Corporation (NYSE:CCL), 20 have Buy rating, 0 Sell and 9 Hold. Therefore 69% are positive. Carnival Corporation had 83 analyst reports since August 6, 2015 according to SRatingsIntel. Buckingham Research maintained Carnival Corporation (NYSE:CCL) rating on Friday, May 25. Buckingham Research has “Buy” rating and $83 target. On Tuesday, June 7 the stock rating was initiated by Sterne Agee CRT with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 20. The firm has “Buy” rating given on Wednesday, March 21 by Susquehanna. The firm has “Buy” rating given on Wednesday, November 25 by HSBC. SunTrust maintained the stock with “Buy” rating in Thursday, November 16 report. The stock of Carnival Corporation (NYSE:CCL) has “Outperform” rating given on Tuesday, January 9 by Credit Suisse. The rating was upgraded by Morgan Stanley on Wednesday, December 6 to “Equal-Weight”. Citigroup maintained Carnival Corporation (NYSE:CCL) rating on Monday, October 5. Citigroup has “Buy” rating and $57 target. William Blair upgraded the shares of CCL in report on Tuesday, March 21 to “Outperform” rating.

More important recent Carnival Corporation (NYSE:CCL) news were published by: 247Wallst.com which released: “Carnival Announces Big Acquisition in Alaska Ahead of Earnings Report” on June 07, 2018, also Seekingalpha.com published article titled: “Why Carnival Has Cruised Onto My Watch List”, Seekingalpha.com published: “Cruise line stocks lower after Morgan Stanley warning” on June 05, 2018. More interesting news about Carnival Corporation (NYSE:CCL) was released by: Seekingalpha.com and their article: “Susquehanna positive on Carnival” with publication date: May 29, 2018.

Shellback Capital Lp, which manages about $423.03 million and $1.37 billion US Long portfolio, decreased its stake in Pvh Corp (NYSE:PVH) by 135,000 shares to 300,000 shares, valued at $45.43 million in 2018Q1, according to the filing. It also reduced its holding in Pinnacle Entmt Inc New by 254,668 shares in the quarter, leaving it with 506,183 shares, and cut its stake in Party City Holdco Inc.

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