Assetmark Inc. Has $31,000 Holdings in Carnival Co. & plc (NYSE:CCL)

Assetmark Inc. lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 1,431.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,654 shares of the company’s stock after buying an additional 1,546 shares during the period. Assetmark Inc.’s holdings in Carnival Co. & were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Family Firm Inc. acquired a new stake in Carnival Co. & during the second quarter valued at $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & in the 2nd quarter valued at approximately $30,000. CVA Family Office LLC lifted its stake in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Carnival Co. & in the 2nd quarter valued at $37,000. Finally, ORG Partners LLC bought a new position in shares of Carnival Co. & during the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $25.13 on Wednesday. Carnival Co. & plc has a one year low of $13.78 and a one year high of $25.22. The firm has a market cap of $29.00 billion, a price-to-earnings ratio of 22.44 and a beta of 2.66. The stock’s fifty day moving average price is $20.66 and its two-hundred day moving average price is $17.82. 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 posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share 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 quarter in the prior year, the business posted $0.86 earnings per share. Carnival Co. &’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Macquarie raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Citigroup raised their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Truist Financial lifted their target price on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Bank of America boosted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.78.

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.