Caprock Group LLC Acquires New Holdings in Carnival Co. & plc (NYSE:CCL)

Caprock Group LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,893 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds also recently bought and sold shares of CCL. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter valued at $25,000. Family Firm Inc. acquired a new position in Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & in the second quarter worth about $30,000. Assetmark Inc. raised its position in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. Finally, CVA Family Office LLC lifted 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 valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CCL. Bank of America increased their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Mizuho lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Tigress Financial upped their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Citigroup lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Barclays upped their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.78.

Carnival Co. & Trading Down 1.8 %

Shares of NYSE:CCL opened at $24.90 on Monday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $25.60. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market capitalization of $28.74 billion, a P/E ratio of 22.23 and a beta of 2.66. The company has a 50-day simple moving average of $21.15 and a 200 day simple moving average of $18.05.

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

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & 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.