JCIC Asset Management Inc. Boosts Holdings in Carnival Co. & plc (NYSE:CCL)

JCIC Asset Management Inc. raised its stake in shares of Carnival Co. & plc (NYSE:CCL) by 31.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,598 shares of the company’s stock after buying an additional 2,080 shares during the period. JCIC Asset Management Inc.’s holdings in Carnival Co. & were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after purchasing an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Carnival Co. & in the third quarter valued at $1,140,000. Commonwealth Equity Services LLC raised its position in shares of Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after acquiring an additional 24,198 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after acquiring an additional 79,857 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Barclays upped their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Tigress Financial boosted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Bank of America upped their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and a consensus price target of $27.18.

Insider Buying and Selling at Carnival Co. &

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

Carnival Co. & Trading Down 1.8 %

CCL traded down $0.44 during mid-day trading on Monday, hitting $23.83. 10,293,293 shares of the stock were exchanged, compared to its average volume of 19,904,664. The firm’s fifty day moving average is $25.06 and its two-hundred day moving average is $20.41. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.17. The company has a market cap of $27.50 billion, a PE ratio of 21.28 and a beta of 2.64. 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 issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Equities analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal 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.