Victory Capital Management Inc. Reduces Position in Carnival Co. & plc (NYSE:CCL)

Victory Capital Management Inc. decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 301,450 shares of the company’s stock after selling 9,439 shares during the quarter. Victory Capital Management Inc.’s holdings in Carnival Co. & were worth $5,571,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CCL. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Carnival Co. & during the 2nd quarter valued at $466,838,000. Marshall Wace LLP lifted its stake in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after buying an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after buying an additional 2,911,100 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after buying an additional 2,889,785 shares in the last quarter. Finally, Goldentree Asset Management LP purchased a new position in shares of Carnival Co. & during the 1st quarter valued at $31,917,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CCL shares. Bank of America lifted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Tigress Financial lifted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Mizuho lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Macquarie boosted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.78.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $24.88 on Friday. The company has a market capitalization of $28.71 billion, a price-to-earnings ratio of 22.21 and a beta of 2.66. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $25.60. The firm’s 50-day moving average is $21.15 and its 200 day moving average is $18.00. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. Research analysts predict 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 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 completion of the sale, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is owned by corporate 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.