Carnival Co. & plc (NYSE:CCL) Position Cut by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in Carnival Co. & plc (NYSE:CCL) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 610,603 shares of the company’s stock after selling 2,692 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Carnival Co. & were worth $11,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CCL. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & during the 2nd quarter valued at $466,838,000. Marshall Wace LLP lifted its holdings in 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 period. Mizuho Securities USA LLC grew its position in Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after buying an additional 6,566,120 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 buying an additional 2,911,100 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after buying an additional 2,889,785 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Insider Transactions at Carnival Co. &

In other Carnival Co. & 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 owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.00% of the stock is owned by corporate insiders.

Carnival Co. & Stock Up 2.2 %

CCL stock opened at $25.99 on Tuesday. The firm has a market cap of $30.00 billion, a PE ratio of 23.21 and a beta of 2.66. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $26.66. The company has a fifty day simple moving average of $21.84 and a 200 day simple moving average of $18.43. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last released its quarterly 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 return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley boosted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Bank of America lifted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Tigress Financial raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Citigroup boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.44.

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.