Summit Trail Advisors LLC Has $372,000 Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Summit Trail Advisors LLC raised its holdings in Carnival Co. & plc (NYSE:CCL) by 75.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,130 shares of the company’s stock after buying an additional 8,646 shares during the quarter. Summit Trail Advisors LLC’s holdings in Carnival Co. & were worth $372,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Carnival Co. & during the 1st quarter valued at $90,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Carnival Co. & by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,366,661 shares of the company’s stock valued at $22,333,000 after buying an additional 20,724 shares during the period. Janus Henderson Group PLC grew its position in Carnival Co. & by 114.8% during the first quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after buying an additional 95,828 shares in the last quarter. Tidal Investments LLC increased its stake in Carnival Co. & by 3.8% during the first quarter. Tidal Investments LLC now owns 49,586 shares of the company’s stock valued at $810,000 after acquiring an additional 1,797 shares during the period. Finally, Beacon Capital Management LLC raised its holdings in Carnival Co. & by 118.2% in the 1st quarter. Beacon Capital Management LLC now owns 6,859 shares of the company’s stock valued at $112,000 after acquiring an additional 3,716 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Up 0.6 %

Shares of NYSE:CCL opened at $25.35 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The firm has a market cap of $29.26 billion, a P/E ratio of 22.63 and a beta of 2.66. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $25.80. The company’s 50-day moving average price is $21.44 and its two-hundred day moving average price is $18.20.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. Carnival Co. &’s revenue was up 15.2% compared to the same quarter last year. As a group, research analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on 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 owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America boosted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley increased their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Citigroup lifted their target price 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. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Tigress Financial lifted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.91.

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.