Diametric Capital LP Buys 4,643 Shares of Carnival Co. & plc (NYSE:CCL)

Diametric Capital LP raised its stake in Carnival Co. & plc (NYSE:CCL) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,014 shares of the company’s stock after purchasing an additional 4,643 shares during the quarter. Diametric Capital LP’s holdings in Carnival Co. & were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. State Street Corp lifted its stake in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after acquiring an additional 811,692 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Carnival Co. & by 4.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after purchasing an additional 877,694 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after purchasing an additional 223,195 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $19.55 on Tuesday. The business has a fifty day moving average price of $23.66 and a two-hundred day moving average price of $23.22. The stock has a market capitalization of $22.80 billion, a PE ratio of 14.06, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCL has been the topic of a number of recent analyst reports. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Mizuho boosted their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. Wells Fargo & Company raised their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Barclays upped their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, Stifel Nicolaus raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.