Truvestments Capital LLC Invests $62,000 in Carnival Co. & plc (NYSE:CCL)

Truvestments Capital LLC purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,373 shares of the company’s stock, valued at approximately $62,000.

Several other institutional investors have also modified their holdings of CCL. Lazard Asset Management LLC purchased a new position in shares of Carnival Co. & during the 1st quarter worth $90,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Carnival Co. & by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,366,661 shares of the company’s stock worth $22,333,000 after acquiring an additional 20,724 shares during the period. Janus Henderson Group PLC increased its position in shares of Carnival Co. & by 114.8% during the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after purchasing an additional 95,828 shares during the last quarter. Tidal Investments LLC increased its position in shares of Carnival Co. & by 3.8% during the 1st quarter. Tidal Investments LLC now owns 49,586 shares of the company’s stock worth $810,000 after purchasing an additional 1,797 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Carnival Co. & during the 1st quarter worth about $204,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCL. Macquarie raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday. They set a “market perform” rating and a $26.00 price objective for the company. Morgan Stanley raised their price objective on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.91.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’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 transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is owned by company insiders.

Carnival Co. & Stock Performance

Shares of CCL opened at $25.15 on Thursday. The stock has a 50-day simple moving average of $21.58 and a 200-day simple moving average of $18.25. 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 stock has a market capitalization of $29.03 billion, a PE ratio of 22.46 and a beta of 2.66. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $25.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data 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. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. On average, analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

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.