Horizon Kinetics Asset Management LLC Has $20.01 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Horizon Kinetics Asset Management LLC trimmed its position in Carnival Co. & plc (NYSE:CCL) by 0.8% during the third quarter, HoldingsChannel.com reports. The fund owned 1,082,949 shares of the company’s stock after selling 8,800 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Carnival Co. & were worth $20,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Carnival Co. & in the 2nd quarter valued at approximately $466,838,000. Marshall Wace LLP lifted its stake in shares of Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares in the last quarter. Renaissance Technologies LLC grew its position in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after acquiring an additional 2,911,100 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CCL shares. Bank of America boosted their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Citigroup upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Macquarie boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Barclays lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Tigress Financial increased their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.78.

Carnival Co. & Trading Up 1.7 %

CCL opened at $25.33 on Monday. The company has a market cap of $29.24 billion, a P/E ratio of 22.23 and a beta of 2.66. The company has a fifty day moving average price of $21.15 and a two-hundred day moving average price of $18.05. 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. & plc has a 1-year low of $13.78 and a 1-year high of $25.60.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’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 completion of the sale, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is owned by company 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.