Dark Forest Capital Management LP Purchases 24,958 Shares of Carnival Co. & plc (NYSE:CCL)

Dark Forest Capital Management LP lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 151.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,417 shares of the company’s stock after purchasing an additional 24,958 shares during the period. Dark Forest Capital Management LP’s holdings in Carnival Co. & were worth $775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Family Firm Inc. bought a new position in Carnival Co. & during the second quarter worth $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Carnival Co. & during the 2nd quarter worth about $30,000. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & during the 1st quarter worth about $26,000. ICA Group Wealth Management LLC acquired a new position in Carnival Co. & in the 4th quarter valued at about $31,000. Finally, BNP Paribas bought a new position in Carnival Co. & in the 1st quarter valued at about $32,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.67 on Friday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74. The firm has a market cap of $20.96 billion, a PE ratio of 28.72 and a beta of 2.68. The firm’s fifty day moving average is $16.58 and its 200-day moving average is $16.20.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.31) EPS. Sell-side analysts predict that Carnival Co. & plc will post 1.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Argus boosted their price objective on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Morgan Stanley boosted their price target on Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Bank of America boosted their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Finally, Stifel Nicolaus raised their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

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.