Kentucky Retirement Systems Insurance Trust Fund Sells 2,669 Shares of Carnival Co. & plc (NYSE:CCL)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,910 shares of the company’s stock after selling 2,669 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Carnival Co. & were worth $553,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CCL. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Carnival Co. & in the 2nd quarter valued at about $466,838,000. Marshall Wace LLP raised its stake in shares of Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after acquiring an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC grew its stake in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares in the last quarter. International Assets Investment Management LLC increased its holdings in 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 worth $556,280,000 after purchasing an additional 2,889,785 shares during the period. Finally, Goldentree Asset Management LP bought a new stake in Carnival Co. & during the 1st quarter valued at $31,917,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Up 0.8 %

CCL stock opened at $24.51 on Tuesday. The stock has a market capitalization of $28.29 billion, a PE ratio of 21.88 and a beta of 2.66. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $24.99. 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 50 day moving average of $20.48 and a 200 day moving average of $17.75.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data 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 business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts forecast that Carnival Co. & plc will post 1.33 earnings per share 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 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 transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CCL shares. Barclays increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Tigress Financial boosted 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. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Truist Financial increased their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Finally, Macquarie boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.78.

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.