Robeco Institutional Asset Management B.V. Takes Position in Carnival Co. & plc (NYSE:CCL)

Robeco Institutional Asset Management B.V. acquired a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 61,682 shares of the company's stock, valued at approximately $1,140,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in shares of 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 purchasing an additional 3,741 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock valued at $75,310,000 after acquiring an additional 39,491 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company's stock worth $4,223,000 after acquiring an additional 103,501 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of 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 worth $4,892,000 after acquiring an additional 24,198 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company's stock valued at $665,000 after purchasing an additional 11,276 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Insider Buying and Selling

In other Carnival Co. & 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 transaction, the director now owns 65,789 shares of the company's stock, valued at $1,428,937.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 11.00% of the company's stock.

Carnival Co. & Stock Up 2.2 %

Shares of CCL traded up $0.53 during trading on Monday, reaching $24.60. The company's stock had a trading volume of 20,424,824 shares, compared to its average volume of 29,767,410. The company has a market cap of $28.39 billion, a price-to-earnings ratio of 22.03 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 company has a fifty day moving average of $19.48 and a two-hundred day moving average of $17.34. Carnival Co. & plc has a twelve month low of $12.45 and a twelve month high of $24.73.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion for 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 firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. On average, sell-side analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the subject of several research reports. Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Stifel Nicolaus boosted their price target on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Morgan Stanley upped their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an "underweight" rating in a research note on Tuesday, October 1st. Mizuho lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, October 1st. Finally, Macquarie increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. One investment 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.53.

Carnival Co. & Company 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.