Dynamic Technology Lab Private Ltd Has $2.65 Million Position in Carnival Co. & plc (NYSE:CCL)

Dynamic Technology Lab Private Ltd decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 24.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 143,382 shares of the company’s stock after selling 46,470 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Carnival Co. & were worth $2,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the third quarter worth $25,000. Family Firm Inc. acquired a new stake in Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & in the second quarter valued at about $30,000. Assetmark Inc. raised its stake 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 in the last quarter. Finally, CVA Family Office LLC raised its stake in 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 in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Down 1.8 %

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

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Morgan Stanley upped their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Tigress Financial raised their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $23.78.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.00% of the stock is owned by company 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.