Rakuten Securities Inc. Cuts Holdings in Carnival Co. & plc (NYSE:CCL)

Rakuten Securities Inc. trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 13.9% in the third quarter, HoldingsChannel reports. The fund owned 38,152 shares of the company’s stock after selling 6,145 shares during the period. Rakuten Securities Inc.’s holdings in Carnival Co. & were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CCL. Continuum Advisory LLC raised its holdings in Carnival Co. & by 22.1% during the 2nd 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 raised its holdings in Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after buying an additional 641 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after buying an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after buying an additional 737 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in Carnival Co. & by 6.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after buying an additional 764 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Up 2.2 %

NYSE:CCL opened at $24.60 on Tuesday. The firm’s 50-day moving average price is $19.64 and its 200-day moving average price is $17.41. The company has a market capitalization of $28.39 billion, a PE ratio of 21.96 and a beta of 2.66. 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 $12.45 and a 1-year high of $24.73.

Carnival Co. & (NYSE:CCL) last announced 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. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company 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 firm posted $0.86 EPS. Carnival Co. &’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CCL shares. Morgan Stanley upped their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Tigress Financial upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Barclays upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Citigroup upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.53.

Insider Activity at Carnival Co. &

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 transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.00% of the stock is currently owned by insiders.

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.