FNY Investment Advisers LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

FNY Investment Advisers LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,000 shares of the company’s stock, valued at approximately $117,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the period. Geode Capital Management LLC increased its position in shares of Carnival Co. & by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock worth $627,053,000 after purchasing an additional 1,201,256 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock valued at $464,747,000 after buying an additional 877,694 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock worth $450,977,000 after buying an additional 2,720,096 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 6.4%

CCL opened at $23.83 on Tuesday. The firm’s fifty day moving average is $21.06 and its two-hundred day moving average is $22.89. The firm has a market cap of $27.80 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.73 and a beta of 2.58. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCL shares. Hsbc Global Res upgraded shares of Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research note on Friday, May 16th. HSBC upgraded Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 price objective for the company in a research report on Friday, May 16th. Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. BNP Paribas assumed coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Mizuho upped their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.58.

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.