Penserra Capital Management LLC Sells 25,388 Shares of Carnival Co. & plc (NYSE:CCL)

Penserra Capital Management LLC decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 27.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,255 shares of the company’s stock after selling 25,388 shares during the quarter. Penserra Capital Management LLC’s holdings in Carnival Co. & were worth $1,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth about $25,000. Family Firm Inc. bought a new position in Carnival Co. & in the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. bought a new position in Carnival Co. & in the 2nd quarter valued at about $30,000. Assetmark Inc. lifted its position in 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 acquiring an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of 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 during the period. 67.19% of the stock is owned by institutional investors.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Up 0.6 %

Shares of CCL opened at $25.35 on Wednesday. The firm has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $18.20. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & plc has a one year low of $13.78 and a one year high of $25.80. The company has a market cap of $29.26 billion, a P/E ratio of 22.63 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. Research analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of recent research reports. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Morgan Stanley lifted their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Barclays upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Bank of America lifted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Macquarie increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.91.

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.