Encompass More Asset Management Invests $311,000 in Carnival Co. & plc (NYSE:CCL)

Encompass More Asset Management acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,823 shares of the company’s stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the third quarter worth approximately $25,000. Family Firm Inc. purchased a new position in shares of Carnival Co. & in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & during the 2nd quarter worth approximately $30,000. Assetmark Inc. lifted its position in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after acquiring an additional 1,205 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

NYSE:CCL opened at $25.43 on Friday. The company has a market cap of $29.35 billion, a P/E ratio of 22.71 and a beta of 2.66. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $25.80. The company’s 50-day moving average price is $21.84 and its 200-day moving average price is $18.40. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCL. Barclays raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Macquarie raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Mizuho boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Finally, Tigress Financial lifted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.91.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was 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 of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.00% of the stock is currently owned by company insiders.

About Carnival Co. &

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.