Kovack Advisors Inc. Has $247,000 Stake in Carnival Co. & plc (NYSE:CCL)

Kovack Advisors Inc. lifted its stake in Carnival Co. & plc (NYSE:CCL) by 18.4% in the third quarter, HoldingsChannel.com reports. The firm owned 13,377 shares of the company’s stock after purchasing an additional 2,078 shares during the quarter. Kovack Advisors Inc.’s holdings in Carnival Co. & were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CCL. Empowered Funds LLC boosted its holdings in Carnival Co. & by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after acquiring an additional 3,741 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $1,140,000. Commonwealth Equity Services LLC raised its stake in shares of Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after buying an additional 39,491 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Carnival Co. & by 72.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after buying an additional 103,501 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after acquiring an additional 24,198 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was 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 owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCL. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Macquarie boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Citigroup boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bank of America lifted 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. Finally, Mizuho upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.78.

Carnival Co. & Stock Down 0.1 %

Shares of Carnival Co. & stock opened at $24.29 on Friday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $24.99. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The business’s 50 day simple moving average is $20.14 and its 200 day simple moving average is $17.57. The firm has a market cap of $28.03 billion, a PE ratio of 21.69 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

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.