Versant Capital Management Inc Has $87,000 Position in Carnival Co. & plc (NYSE:CCL)

Versant Capital Management Inc lifted its stake in Carnival Co. & plc (NYSE:CCL) by 41.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,473 shares of the company’s stock after acquiring an additional 1,026 shares during the quarter. Versant Capital Management Inc’s holdings in Carnival Co. & were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers increased its position in Carnival Co. & by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 1,840,498 shares of the company’s stock worth $34,454,000 after purchasing an additional 40,861 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in Carnival Co. & by 16.4% in the second quarter. Foundations Investment Advisors LLC now owns 12,615 shares of the company’s stock worth $236,000 after buying an additional 1,780 shares during the last quarter. Acadian Asset Management LLC bought a new position in Carnival Co. & during the second quarter valued at approximately $734,000. Ashton Thomas Private Wealth LLC acquired a new stake in Carnival Co. & in the second quarter valued at approximately $97,000. Finally, Choreo LLC bought a new stake in Carnival Co. & in the second quarter worth approximately $258,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCL. Citigroup raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Tigress Financial boosted their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $26.85.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s 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 completion of the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $24.38 on Friday. Carnival Co. & plc has a one year low of $13.78 and a one year high of $27.17. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The business has a fifty day simple moving average of $24.85 and a 200 day simple moving average of $20.10. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 21.77 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 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 10.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. Sell-side analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

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.