Carnival Co. & plc (NYSE:CCL) Stock Position Lowered by Entropy Technologies LP

Entropy Technologies LP trimmed its stake in Carnival Co. & plc (NYSE:CCL) by 44.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,921 shares of the company’s stock after selling 60,451 shares during the quarter. Entropy Technologies LP’s holdings in Carnival Co. & were worth $1,403,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the 3rd quarter worth $25,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & in the 2nd quarter worth $26,000. Hantz Financial Services Inc. purchased a new position in shares of Carnival Co. & during the second quarter valued at $30,000. Assetmark Inc. grew its holdings in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Carnival Co. & by 163.9% during 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 in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CCL. Macquarie boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Stifel Nicolaus boosted their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Bank of America boosted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Finally, Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.78.

Carnival Co. & Price Performance

NYSE CCL opened at $24.55 on Thursday. Carnival Co. & plc has a twelve month low of $13.33 and a twelve month high of $24.83. 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 $28.33 billion, a PE ratio of 21.92 and a beta of 2.66. The stock has a 50-day simple moving average of $19.81 and a 200 day simple moving average of $17.48.

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 return on equity of 22.30% and a net margin of 6.39%. 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 previous year, the firm earned $0.86 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Research analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current year.

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.