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

Entropy Technologies LP lowered its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 44.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Carnival Co. & during the 2nd quarter valued at about $466,838,000. Marshall Wace LLP grew its holdings 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 buying an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock valued at $179,435,000 after acquiring an additional 2,911,100 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock worth $556,280,000 after acquiring an additional 2,889,785 shares during the last quarter. Finally, Goldentree Asset Management LP bought a new position in Carnival Co. & in the 1st quarter valued at approximately $31,917,000. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Performance

Carnival Co. & stock traded down $0.24 during midday trading on Thursday, hitting $24.31. The stock had a trading volume of 20,311,993 shares, compared to its average volume of 29,619,840. The company has a market capitalization of $28.06 billion, a PE ratio of 21.71 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 firm's fifty day moving average is $19.97 and its two-hundred day moving average is $17.52. 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 - Get Free Report) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the business posted $0.86 EPS. Carnival Co. &'s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research analyst reports. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday. 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. Tigress Financial raised 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. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an "underweight" rating in a report on Tuesday, October 1st. Finally, Citigroup raised their target price 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.78.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on 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 directly owns 65,789 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Insiders own 11.00% of the company's stock.

About Carnival Co. &

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.