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

Nwam LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 11,384 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCL. O Shaughnessy Asset Management LLC lifted its holdings in Carnival Co. & by 31.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 33,487 shares of the company’s stock valued at $547,000 after acquiring an additional 8,038 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of Carnival Co. & in the first quarter worth approximately $214,000. Axxcess Wealth Management LLC purchased a new position in shares of Carnival Co. & in the first quarter worth approximately $199,000. Lazard Asset Management LLC bought a new stake in Carnival Co. & during the first quarter valued at approximately $90,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Carnival Co. & by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,366,661 shares of the company’s stock valued at $22,333,000 after buying an additional 20,724 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

NYSE CCL opened at $25.19 on Tuesday. 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. & plc has a 1-year low of $13.78 and a 1-year high of $25.60. The business has a 50 day simple moving average of $21.30 and a two-hundred day simple moving average of $18.13. The stock has a market capitalization of $29.07 billion, a PE ratio of 22.49 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company earned $0.86 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were 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 of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Tigress Financial boosted their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Citigroup raised their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. 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. Finally, Macquarie increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. One equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.78.

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.