AQR Capital Management LLC Has $116.86 Million Holdings in Carnival Co. & plc (NYSE:CCL)

AQR Capital Management LLC raised its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 228.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,689,305 shares of the company's stock after acquiring an additional 3,263,204 shares during the quarter. AQR Capital Management LLC owned approximately 0.40% of Carnival Co. & worth $116,857,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hartford Investment Management Co. grew its stake in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after purchasing an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after acquiring an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after acquiring an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after purchasing an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock worth $1,224,000 after purchasing an additional 521 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CCL. Northcoast Research began coverage on shares of Carnival Co. & in a research report on Friday, April 25th. They issued a "neutral" rating on the stock. BNP Paribas assumed coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 target price on the stock. Barclays lowered their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, William Blair restated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded up $0.95 during trading on Friday, reaching $19.58. The company had a trading volume of 27,602,249 shares, compared to its average volume of 26,211,591. The firm has a market capitalization of $22.84 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. 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. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm's fifty day moving average is $19.55 and its 200 day moving average is $23.02.

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

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.