Harvest Portfolios Group Inc. Has $3.24 Million Stake in Carnival Co. & plc (NYSE:CCL)

Harvest Portfolios Group Inc. cut its stake in Carnival Co. & plc (NYSE:CCL) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,033 shares of the company’s stock after selling 13,405 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Carnival Co. & were worth $3,235,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Carnival Co. & in the third quarter valued at about $73,000. National Pension Service grew its position in shares of Carnival Co. & by 50.7% in the 3rd quarter. National Pension Service now owns 2,660,437 shares of the company’s stock valued at $49,165,000 after purchasing an additional 895,603 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & during the 3rd quarter worth approximately $1,140,000. Van ECK Associates Corp raised its holdings in Carnival Co. & by 2.2% during the 3rd quarter. Van ECK Associates Corp now owns 303,352 shares of the company’s stock worth $5,606,000 after buying an additional 6,672 shares during the period. Finally, Clear Creek Financial Management LLC lifted its stake in Carnival Co. & by 5.1% in the third quarter. Clear Creek Financial Management LLC now owns 49,252 shares of the company’s stock valued at $910,000 after buying an additional 2,370 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 equities analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Macquarie raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $24.17 on Wednesday. The business’s 50-day moving average price is $19.03 and its two-hundred day moving average price is $17.15. Carnival Co. & plc has a 12-month low of $12.16 and a 12-month high of $24.19. 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 $27.90 billion, a PE ratio of 20.04 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last posted 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. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. As a group, analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

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.