Gotham Asset Management LLC Takes $3.33 Million Position in Carnival Co. & plc (NYSE:CCL)

Gotham Asset Management LLC purchased a new position in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 133,715 shares of the company's stock, valued at approximately $3,332,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after acquiring an additional 1,678 shares during the period. Illinois Municipal Retirement Fund increased its stake in Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after acquiring an additional 203,710 shares during the period. Private Advisor Group LLC increased its stake in Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after acquiring an additional 18,269 shares during the period. Convergence Investment Partners LLC increased its stake in Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after acquiring an additional 14,165 shares during the period. Finally, Norges Bank bought a new position in Carnival Co. & during the fourth quarter valued at about $59,486,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE CCL traded up $0.42 during trading hours on Friday, reaching $23.42. 18,633,256 shares of the company's stock were exchanged, compared to its average volume of 26,185,001. The stock has a market cap of $27.32 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a fifty day moving average of $19.45 and a 200-day moving average of $23.03. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned ($0.14) EPS. On average, equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CCL shares. Northcoast Research started coverage on Carnival Co. & in a research note on Friday, April 25th. They issued a "neutral" rating on the stock. Barclays lowered their price objective on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Mizuho upped their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Finally, StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Carnival Co. & has a consensus rating of "Moderate Buy" and a consensus price target of $26.68.

Carnival Co. & 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.