Massachusetts Financial Services Co. MA Purchases New Stake in Carnival Co. & plc (NYSE:CCL)

Massachusetts Financial Services Co. MA purchased a new stake in Carnival Co. & plc (NYSE:CCL) in the 3rd quarter, HoldingsChannel reports. The fund purchased 156,248 shares of the company’s stock, valued at approximately $2,887,000.

Several other hedge funds have also bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Carnival Co. & in the 2nd quarter valued at $466,838,000. Marshall Wace LLP grew its position in Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC grew its position in Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after purchasing an additional 2,911,100 shares during the period. Mizuho Securities USA LLC grew its position in Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Carnival Co. & by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after acquiring an additional 473,848 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s 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 sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCL shares. Mizuho lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Citigroup lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Barclays lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Morgan Stanley lifted their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.91.

Carnival Co. & Trading Up 0.6 %

Shares of Carnival Co. & stock opened at $25.35 on Wednesday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $25.80. The stock’s 50-day simple moving average is $21.44 and its 200 day simple moving average is $18.20. The stock has a market capitalization of $29.26 billion, a P/E ratio of 22.63 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

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