E Fund Management Co. Ltd. Acquires Shares of 27,038 Carnival Co. & plc (NYSE:CCL)

E Fund Management Co. Ltd. acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, Holdings Channel reports. The fund acquired 27,038 shares of the company’s stock, valued at approximately $501,000.

Several other large investors also recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of Carnival Co. & by 6.2% during the third quarter. Raymond James & Associates now owns 392,814 shares of the company’s stock worth $5,389,000 after buying an additional 23,068 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Carnival Co. & by 15.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 551,268 shares of the company’s stock valued at $7,563,000 after purchasing an additional 74,084 shares during the period. Stratos Wealth Partners LTD. lifted its position in Carnival Co. & by 6.3% in the third quarter. Stratos Wealth Partners LTD. now owns 46,042 shares of the company’s stock valued at $632,000 after purchasing an additional 2,734 shares during the period. Forsta AP Fonden acquired a new stake in Carnival Co. & in the third quarter valued at about $2,843,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Carnival Co. & by 4.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416,925 shares of the company’s stock valued at $5,720,000 after buying an additional 16,821 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Activity at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CCL shares. Argus dropped their target price on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 1st. Mizuho started coverage on shares of Carnival Co. & in a report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Macquarie raised their price objective on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus dropped their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Trading Up 1.4 %

Shares of CCL traded up $0.20 during mid-day trading on Wednesday, reaching $14.32. The company had a trading volume of 23,638,214 shares, compared to its average volume of 31,097,404. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 55.08 and a beta of 2.53. The firm has a fifty day simple moving average of $15.51 and a 200-day simple moving average of $15.62. Carnival Co. & plc has a fifty-two week low of $9.68 and a fifty-two week high of $19.74. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.55) EPS. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.02 EPS for the current fiscal year.

About Carnival Co. &

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.