Truvestments Capital LLC Acquires Shares of 3,373 Carnival Co. & plc (NYSE:CCL)

Truvestments Capital LLC acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the third quarter, HoldingsChannel.com reports. The firm acquired 3,373 shares of the company’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Encompass Wealth Advisors LLC lifted its stake in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after buying an additional 451 shares during the last quarter. Metis Global Partners LLC lifted its stake in Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after buying an additional 621 shares during the last quarter. Continuum Advisory LLC lifted its stake in Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after buying an additional 630 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Carnival Co. & by 2.8% in the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after purchasing an additional 641 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after purchasing an additional 737 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the 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 approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CCL shares. Stifel Nicolaus boosted their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Citigroup boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Tigress Financial upped their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Barclays upped their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein initiated coverage on Carnival Co. & in a report on Tuesday. They set a “market perform” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.91.

Carnival Co. & Stock Down 0.7 %

Shares of NYSE:CCL opened at $25.15 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $25.80. The stock’s fifty day simple moving average is $21.58 and its 200-day simple moving average is $18.25. The company has a market capitalization of $29.03 billion, a P/E ratio of 22.46 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data 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 return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

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.