Assetmark Inc. Increases Stock Position in Carnival Co. & plc (NYSE:CCL)

Assetmark Inc. increased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 1,431.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,654 shares of the company’s stock after purchasing an additional 1,546 shares during the period. Assetmark Inc.’s holdings in Carnival Co. & were worth $31,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CCL. Continuum Advisory LLC grew its position in Carnival Co. & by 22.1% in 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 grew its position in shares of Carnival Co. & by 2.8% in the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after purchasing an additional 641 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares during the last quarter. Fidelis Capital Partners LLC grew 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. Finally, Signaturefd LLC grew its holdings in shares of Carnival Co. & by 6.2% during the third quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock worth $249,000 after buying an additional 785 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 2.5 %

NYSE:CCL opened at $25.13 on Wednesday. The business has a 50 day simple moving average of $20.66 and a 200 day simple moving average of $17.82. The firm has a market capitalization of $29.00 billion, a P/E ratio of 22.44 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 12-month low of $13.78 and a 12-month high of $25.22.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The business 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Equities research analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America increased their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Truist Financial lifted their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley upped 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.78.

Insider Buying and Selling

In other Carnival Co. & 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 value of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by corporate 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.