Quantinno Capital Management LP Increases Position in Carnival Co. & plc (NYSE:CCL)

Quantinno Capital Management LP lifted its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 29.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 271,985 shares of the company's stock after purchasing an additional 62,149 shares during the period. Quantinno Capital Management LP's holdings in Carnival Co. & were worth $6,778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in Carnival Co. & by 1.0% in the 4th 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 lifted its stake in shares of Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after buying an additional 203,710 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after buying an additional 18,269 shares during the period. Convergence Investment Partners LLC grew its stake in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after buying an additional 14,165 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Carnival Co. & during the 4th quarter valued at $59,486,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

Shares of NYSE:CCL traded down $0.50 during midday trading on Tuesday, reaching $22.89. The company's stock had a trading volume of 18,766,601 shares, compared to its average volume of 26,019,043. The firm has a market capitalization of $26.70 billion, a PE ratio of 16.47, a P/E/G ratio of 0.73 and a beta of 2.50. The stock has a fifty day moving average of $19.53 and a 200 day moving average of $23.05. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last released 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 analyst estimates of $5.74 billion. During the same quarter in the prior year, the firm posted ($0.14) EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com upgraded shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Northcoast Research started coverage on Carnival Co. & in a report on Friday, April 25th. They set a "neutral" rating for the company. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Mizuho raised their price target on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Finally, Barclays dropped their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & has a consensus rating of "Moderate Buy" and an average price target of $26.53.

About Carnival Co. &

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.