Blueshift Asset Management LLC Purchases New Stake in Carnival Co. & plc (NYSE:CCL)

Blueshift Asset Management LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 71,365 shares of the company’s stock, valued at approximately $1,319,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & during the third quarter worth about $25,000. Family Firm Inc. purchased a new stake in shares of Carnival Co. & during the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & in the second quarter valued at approximately $30,000. Assetmark Inc. grew its position in Carnival Co. & by 1,431.5% in the third 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 holdings 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 purchasing an additional 1,205 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 0.6 %

Shares of NYSE CCL opened at $25.35 on Wednesday. The business has a 50-day moving average price of $21.44 and a 200 day moving average price of $18.20. The stock has a market cap of $29.26 billion, a PE ratio of 22.63 and a beta of 2.66. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $25.80.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business 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%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Equities research analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Barclays upped their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Macquarie raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Stifel Nicolaus upped 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. Finally, Bank of America increased their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.91.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is currently owned by 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.