Harbour Investments Inc. Decreases Stock Position in Carnival Co. & plc (NYSE:CCL)

Harbour Investments Inc. reduced its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,141 shares of the company’s stock after selling 4,804 shares during the quarter. Harbour Investments Inc.’s holdings in Carnival Co. & were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Carnival Co. & in the second quarter worth $466,838,000. Marshall Wace LLP raised its stake in Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Carnival Co. & by 43.6% in 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 in the last quarter. International Assets Investment Management LLC boosted its stake 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 purchasing an additional 2,889,785 shares during the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in shares of Carnival Co. & during the first quarter worth about $31,917,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $24.31 on Friday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $24.99. The business has a 50-day moving average of $20.31 and a 200-day moving average of $17.64. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 21.69 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its earnings results 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 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 business earned $0.86 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s 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 transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.00% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the topic of several recent analyst reports. Tigress Financial upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Truist Financial raised their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Finally, Mizuho increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.78.

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.