Sheaff Brock Investment Advisors LLC Sells 550 Shares of Carnival Co. & plc (NYSE:CCL)

Sheaff Brock Investment Advisors LLC trimmed its stake in Carnival Co. & plc (NYSE:CCL) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,866 shares of the company’s stock after selling 550 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Carnival Co. & were worth $201,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Macquarie raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Tigress Financial lifted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Citigroup upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.78.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $24.31 on Friday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $24.99. 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 stock has a market cap of $28.06 billion, a PE ratio of 21.71 and a beta of 2.66. The business has a 50-day simple moving average of $20.31 and a 200-day simple moving average of $17.65.

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

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by company insiders.

About Carnival Co. &

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.