(ShareCast News) - Carnival non-executive Director Sir Jonathon Band sold some shares after the start of the new year.Band sold 6,276 shares at an individual price of $53.47, for a total consideration of $276,264.1, on 18 January, the cruiseline operator said in a statement.On 19 December, analysts at Berenberg downgraded their recommendation on Carnival shares from 'Buy' to 'Hold' and lowered their target from $55.0 to $50.0.The Sterling price target was lowered from 4,200p to 4,000p.To back-up their investment thesis, the analysts pointed to recent trends in the cost of fuel, a further strengthening in the US dollar and higher interest rates.Nevertheless, they were optimistic on the outlook for yields in the cruise industry going into 2017.Shares in Carnival ended the session down by 1.51% at 4,105p, not far off their 52-week highs of 4,105p.On a more positive note, on 20 January analysts at HSBC upped their target on the shares form $60.0 to $62.0 and maintained a 'buy' recommendation."Fuel and currency will weigh on 2017 but valuation still provides upside," adding that the firm´s fundamentals remained "attractive". Top Director BuysAveva Group (AVV)Director name: Allerton,JenniferAmount purchased: 3,000 @ 1,920.00pValue: £57,600.00Character Group (CCT)Director name: Dowding,MarkAmount purchased: 7,000 @ 500.00pValue: £35,000.00Aveva Group (AVV)Director name: Humphrey,ChristopherAmount purchased: 1,500 @ 1,933.00pValue: £28,995.00Coca-cola Hbc Ag (cdi) (CCH)Director name: Imellos,Michalis Amount purchased: 1,158 @ 1,809.78pValue: £20,957.30Arbuthnot Banking Group (ARBB)Director name: Cobb,JamesAmount purchased: 1,000 @ 1,485.00pValue: £14,850.00Character Group (CCT)Director name: Dowding,MarkAmount purchased: 2,554 @ 492.74pValue: £12,584.58Speedy Hire (SDY)Director name: Barclay,Rob Amount purchased: 19,000 @ 52.35pValue: £9,947.45Coca-cola Hbc Ag (cdi) (CCH)Director name: Lois ,Dimitris Amount purchased: 362 @ 1,809.78pValue: £6,551.42Coca-cola Hbc Ag (cdi) (CCH)Director name: Lois ,Dimitris Amount purchased: 108 @ 1,809.78pValue: £1,954.57Coca-cola Hbc Ag (cdi) (CCH)Director name: PAREZANOVIC,SANDA Amount purchased: 42 @ 1,809.78pValue: £760.11Coca-cola Hbc Ag (cdi) (CCH)Director name: PAREZANOVIC,SANDA Amount purchased: 42 @ 1,809.78pValue: £760.11Homeserve (HSV)Director name: Ford,JohnathanAmount purchased: 25 @ 600.00pValue: £150.00Homeserve (HSV)Director name: Bennett,MartinAmount purchased: 25 @ 600.00pValue: £150.00Pennon Group (PNN)Director name: Loughlin,ChristopherAmount purchased: 19 @ 784.92pValue: £149.14Fidessa Group (FDSA)Director name: Skelton ,Andy Amount purchased: 6 @ 2,260.00pValue: £135.60Pennon Group (PNN)Director name: Davy ,Susan Amount purchased: 16 @ 784.92pValue: £125.59Fidessa Group (FDSA)Director name: Aspinwall,ChrisAmount purchased: 5 @ 2,260.00pValue: £113.00Fidessa Group (FDSA)Director name: Hamer,JohnAmount purchased: 5 @ 2,260.00pValue: £113.00Top Director SellsD4t4 Solutions (D4T4)Director name: McDowell,RogerAmount sold: 500,000 @ 175.00pValue: £875,000.00Scapa Group (SCPA)Director name: Wallace,James A SAmount sold: 200,000 @ 320.00pValue: £640,000.01Carnival (CCL)Director name: Band,Sir JonathonAmount sold: 6,276 @ $53.47Value: $276,264.10Numis Corporation (NUM)Director name: Ham,AlexAmount sold: 12,339 @ 249.75pValue: £30,816.65Billington Holdings (BILN)Director name: Gordon,JohnAmount sold: 10,000 @ 225.00pValue: £22,500.00Numis Corporation (NUM)Director name: Hemsley,Oliver H JAmount sold: 7,852 @ 249.75pValue: £19,610.37Numis Corporation (NUM)Director name: Mitchinson,RossAmount sold: 4,768 @ 249.75pValue: £11,908.08Numis Corporation (NUM)Director name: Denyer,SimonAmount sold: 1,347 @ 249.75pValue: £3,364.13Rio Tinto (RIO)Director name: Jacques,Jean-SébastienAmount sold: 5 @ 3,469.00pValue: £181.36