D. E. Shaw & Co. Inc. Boosts Stock Position in Carnival Co. & plc (NYSE:CCL)

D. E. Shaw & Co. Inc. raised its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 9,220.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,297,434 shares of the company's stock after acquiring an additional 3,262,055 shares during the period. D. E. Shaw & Co. Inc. owned about 0.28% of Carnival Co. & worth $82,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hartford Investment Management Co. increased its position in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock valued at $1,601,000 after acquiring an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake 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 worth $54,000 after acquiring an additional 408 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake 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 worth $267,000 after purchasing an additional 468 shares during the period. Sound View Wealth Advisors Group LLC boosted its position 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 period. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after acquiring an additional 521 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Up 1.3%

CCL traded up $0.30 during trading on Wednesday, reaching $23.04. The stock had a trading volume of 18,384,596 shares, compared to its average volume of 26,207,847. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 16.58, a P/E/G 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 stock's 50 day moving average is $19.24 and its two-hundred day moving average is $23.01.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $5.74 billion. During the same period in the prior year, the firm posted ($0.14) EPS. The firm's quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCL. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Wednesday. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Citigroup lowered their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, Mizuho upped their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $26.53.

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.