Summit Trail Advisors LLC Has $372,000 Stake in Carnival Co. & plc (NYSE:CCL)

Summit Trail Advisors LLC raised its stake in shares of Carnival Co. & plc (NYSE:CCL) by 75.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,130 shares of the company’s stock after purchasing an additional 8,646 shares during the quarter. Summit Trail Advisors LLC’s holdings in Carnival Co. & were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CCL. Ashton Thomas Securities LLC bought a new position in Carnival Co. & during the 3rd quarter worth approximately $25,000. Family Firm Inc. bought a new position in shares of Carnival Co. & during the second quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in shares of Carnival Co. & in the 2nd quarter valued at $30,000. Assetmark Inc. increased its position in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after acquiring an additional 1,205 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Price Performance

NYSE:CCL opened at $25.35 on Wednesday. The stock has a market capitalization of $29.26 billion, a PE ratio of 22.63 and a beta of 2.66. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $25.80. The firm has a fifty day simple moving average of $21.44 and a 200 day simple moving average of $18.20. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

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

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s 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 directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a report on Tuesday. They set a “market perform” rating and a $26.00 target price on the stock. Macquarie upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Tigress Financial raised their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, Mizuho upped their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.91.

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.