Entropy Technologies LP Sells 60,451 Shares of Carnival Co. & plc (NYSE:CCL)

Entropy Technologies LP trimmed its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 44.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 75,921 shares of the company's stock after selling 60,451 shares during the period. Entropy Technologies LP's holdings in Carnival Co. & were worth $1,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & during the third quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in shares of Carnival Co. & during the 2nd quarter worth $26,000. Hantz Financial Services Inc. purchased a new position in shares of Carnival Co. & in the 2nd quarter worth about $30,000. Assetmark Inc. grew its position in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after buying an additional 1,546 shares during the period. Finally, CVA Family Office LLC increased its holdings in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after buying an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE:CCL traded down $0.24 during trading hours on Thursday, hitting $24.31. 20,311,993 shares of the company's stock traded hands, compared to its average volume of 29,619,840. The firm has a market cap of $28.06 billion, a P/E ratio of 21.71 and a beta of 2.66. 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 business's fifty day simple moving average is $19.97 and its two-hundred day simple moving average is $17.52. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $24.99.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results 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 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 business's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. On average, research analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research reports. Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Citigroup raised their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Truist Financial boosted their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a "hold" rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus boosted their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.78.

Insider Buying and Selling at Carnival Co. &

In other 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 value of $380,100.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.00% of the company's stock.

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.