Vinva Investment Management Ltd Buys 292,479 Shares of Carnival Co. & plc (NYSE:CCL)

Vinva Investment Management Ltd boosted its stake in Carnival Co. & plc (NYSE:CCL) by 49.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 881,922 shares of the company’s stock after acquiring an additional 292,479 shares during the quarter. Carnival Co. & makes up about 0.7% of Vinva Investment Management Ltd’s investment portfolio, making the stock its 23rd biggest position. Vinva Investment Management Ltd’s holdings in Carnival Co. & were worth $16,633,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after acquiring an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Carnival Co. & in the third quarter valued at about $1,140,000. Commonwealth Equity Services LLC raised its position in Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after purchasing an additional 39,491 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after purchasing an additional 103,501 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after purchasing an additional 24,198 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & 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 completion of the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

NYSE:CCL opened at $25.15 on Thursday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $25.80. The business’s fifty day moving average is $21.58 and its 200 day moving average is $18.25. 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 firm has a market cap of $29.03 billion, a price-to-earnings 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 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. Research analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CCL shares. Macquarie lifted their price target 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. Barclays upped their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Bank of America raised their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citigroup upped 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. Finally, Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.91.

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.