Two Sigma Advisers LP Trims Stock Position in Carnival Co. & plc (NYSE:CCL)

Two Sigma Advisers LP trimmed its stake in Carnival Co. & plc (NYSE:CCL) by 22.3% in the third quarter, Holdings Channel.com reports. The firm owned 4,463,200 shares of the company’s stock after selling 1,279,335 shares during the quarter. Two Sigma Advisers LP’s holdings in Carnival Co. & were worth $82,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Encompass Wealth Advisors LLC lifted its stake in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after purchasing an additional 451 shares in the last quarter. Metis Global Partners LLC grew its stake in Carnival Co. & by 2.0% during the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after buying an additional 621 shares during the period. Continuum Advisory LLC raised its stake in shares of Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after acquiring an additional 630 shares during the period. PFG Investments LLC lifted its stake in shares of Carnival Co. & by 2.8% during the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock worth $437,000 after purchasing an additional 641 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position 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 worth $490,000 after buying an additional 737 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 1.2 %

Shares of NYSE CCL opened at $26.45 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $30.53 billion, a PE ratio of 23.62 and a beta of 2.67. The business has a 50-day moving average price of $22.45 and a two-hundred day moving average price of $18.69. Carnival Co. & plc has a one year low of $13.78 and a one year high of $27.17.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. As a group, analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Activity

In other Carnival Co. & 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 transaction of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares in the company, 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 at the SEC website. 11.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CCL has been the topic of several research reports. Truist Financial increased their price objective on shares of Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday. Barclays raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Macquarie upped 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 Thursday, October 3rd. Citigroup raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.79.

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.