Nwam LLC Acquires Shares of 11,384 Carnival Co. & plc (NYSE:CCL)

Nwam LLC bought a new position in Carnival Co. & plc (NYSE:CCL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,384 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & in the 2nd quarter worth $466,838,000. Marshall Wace LLP grew its stake in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after purchasing an additional 2,911,100 shares during the period. Mizuho Securities USA LLC raised its position in Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Carnival Co. & by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after buying an additional 473,848 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

CCL opened at $25.19 on Tuesday. The firm has a market cap of $29.07 billion, a PE ratio of 22.49 and a beta of 2.66. The stock has a 50-day moving average price of $21.30 and a 200-day moving average price of $18.13. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $25.60. 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. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Citigroup upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Macquarie lifted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus lifted their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.78.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was 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 directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is currently owned by insiders.

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.