Vinva Investment Management Ltd Acquires 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% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 881,922 shares of the company’s stock after buying 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 largest position. Vinva Investment Management Ltd owned 0.08% of Carnival Co. & worth $16,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CCL. Lazard Asset Management LLC acquired a new position in Carnival Co. & in the first quarter valued at about $90,000. Price T Rowe Associates Inc. MD increased its stake in shares of Carnival Co. & by 1.5% in 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 in the last quarter. Janus Henderson Group PLC lifted its position in Carnival Co. & by 114.8% during the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after buying an additional 95,828 shares in the last quarter. Tidal Investments LLC grew its holdings in Carnival Co. & by 3.8% during the 1st quarter. Tidal Investments LLC now owns 49,586 shares of the company’s stock worth $810,000 after acquiring an additional 1,797 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Carnival Co. & during the 1st quarter worth about $204,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CCL. Tigress Financial boosted 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. Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Stifel Nicolaus boosted their target price on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Mizuho increased their price target 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. One 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 currently has a consensus rating of “Moderate Buy” and an average target price of $23.91.

Carnival Co. & Stock Performance

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 12-month low of $13.78 and a 12-month high of $25.80. The business has a 50 day moving average of $21.58 and a 200-day moving average of $18.25. The stock 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 announced its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate 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 was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, equities research analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on 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 in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.00% of the company’s stock.

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.