Goldentree Asset Management LP Has $95.04 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Goldentree Asset Management LP boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 16.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,151,458 shares of the company’s stock after acquiring an additional 712,469 shares during the period. Carnival Co. & accounts for 7.6% of Goldentree Asset Management LP’s holdings, making the stock its 3rd biggest position. Goldentree Asset Management LP’s holdings in Carnival Co. & were worth $95,037,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in Carnival Co. & in the 2nd quarter valued at $26,000. Hantz Financial Services Inc. bought a new position in Carnival Co. & during the 2nd quarter worth $30,000. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% during the third 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 boosted its position in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after acquiring an additional 1,205 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Mizuho boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday. They set a “market perform” rating and a $26.00 price objective on the stock. Finally, Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One equities 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’s stock. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $23.91.

Carnival Co. & Stock Performance

NYSE CCL opened at $25.14 on Friday. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of 22.45 and a beta of 2.66. The company has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $18.30. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $25.80.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping 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 firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the company posted $0.86 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated 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 directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by company insiders.

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.