Carnival Co. & plc (NYSE:CCL) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 510.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,331,092 shares of the company’s stock after acquiring an additional 8,638,865 shares during the quarter. Marshall Wace LLP owned 0.92% of Carnival Co. & worth $193,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the first quarter worth about $26,000. Family Firm Inc. acquired a new position in Carnival Co. & during the second quarter worth about $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & during the second quarter worth about $30,000. ICA Group Wealth Management LLC acquired a new position in Carnival Co. & during the fourth quarter worth about $31,000. Finally, BNP Paribas acquired a new position in Carnival Co. & during the first quarter worth about $32,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the topic of several recent research reports. Bank of America upped their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Citigroup upped their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $18.97 on Tuesday. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The firm has a fifty day moving average of $16.60 and a 200-day moving average of $16.17. The firm has a market capitalization of $21.29 billion, a P/E ratio of 29.18 and a beta of 2.68. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned ($0.31) EPS. As a group, analysts predict that Carnival Co. & plc will post 1.19 EPS for the current year.

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.