Carnival Co. & plc (NYSE:CCL) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its holdings in Carnival Co. & plc (NYSE:CCL) by 44.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,921 shares of the company’s stock after selling 60,451 shares during the quarter. Entropy Technologies LP’s holdings in Carnival Co. & were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Carnival Co. & during the second quarter worth about $466,838,000. Marshall Wace LLP increased its stake in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC increased its stake in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after acquiring an additional 2,911,100 shares during the last quarter. International Assets Investment Management LLC increased its stake in Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after acquiring an additional 2,889,785 shares during the last quarter. Finally, Goldentree Asset Management LP acquired a new stake in Carnival Co. & during the first quarter worth about $31,917,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’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 value of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.00% of the stock is owned by insiders.

Carnival Co. & Stock Down 0.2 %

CCL opened at $24.55 on Thursday. Carnival Co. & plc has a 12 month low of $13.33 and a 12 month high of $24.83. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a market cap of $28.33 billion, a P/E ratio of 21.92 and a beta of 2.66. The stock’s 50 day moving average price is $19.81 and its 200 day moving average price is $17.48.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating 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 firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CCL shares. Barclays upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their price target on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Bank of America increased their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Finally, Truist Financial increased their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One equities research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.78.

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.