Verition Fund Management LLC Purchases 1,286,054 Shares of Carnival Co. & plc (NYSE:CCL)

Verition Fund Management LLC raised its position in shares of Carnival Co. & plc (NYSE:CCL) by 115.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,404,541 shares of the company’s stock after purchasing an additional 1,286,054 shares during the period. Verition Fund Management LLC owned approximately 0.21% of Carnival Co. & worth $44,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Encompass Wealth Advisors LLC raised its holdings in shares of Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares in the last quarter. Metis Global Partners LLC raised 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 acquiring an additional 621 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after acquiring an additional 630 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Carnival Co. & by 2.8% in the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after purchasing an additional 641 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Carnival Co. & by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after purchasing an additional 737 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CCL. 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 research report on Tuesday, October 1st. Morgan Stanley upped their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Tigress Financial upped their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, Macquarie lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.91.

Insiders Place Their Bets

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is currently owned by corporate insiders.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $25.14 on Friday. The company has a market capitalization of $29.02 billion, a PE ratio of 22.45 and a beta of 2.66. 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 twelve month low of $13.78 and a twelve month high of $25.80. The firm has a fifty day simple moving average of $21.71 and a 200 day simple moving average of $18.30.

Carnival Co. & (NYSE:CCL) last issued its quarterly 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 firm had revenue of $7.90 billion during 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 revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $0.86 EPS. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

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.