Carnival Co. & plc (NYSE:CCL) Stake Decreased by D1 Capital Partners L.P.

D1 Capital Partners L.P. trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,695,629 shares of the company’s stock after selling 20,371 shares during the quarter. Carnival Co. & comprises about 1.3% of D1 Capital Partners L.P.’s portfolio, making the stock its 26th biggest holding. D1 Capital Partners L.P.’s holdings in Carnival Co. & were worth $68,295,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & in the third quarter worth $25,000. Family Firm Inc. acquired a new stake in Carnival Co. & in the second quarter worth about $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & during the 2nd quarter valued at about $30,000. Assetmark Inc. raised its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Carnival Co. & by 163.9% in the 3rd 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 during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of CCL stock opened at $25.14 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The stock’s fifty day simple moving average is $21.71 and its 200 day simple moving average is $18.30. Carnival Co. & plc has a one year low of $13.78 and a one year high of $25.80. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of 22.45 and a beta of 2.66.

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

Insider Activity

In related 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 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. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.