Concentric Capital Strategies LP Invests $4.91 Million in Carnival Co. & plc (NYSE:CCL)

Concentric Capital Strategies LP acquired a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 197,157 shares of the company's stock, valued at approximately $4,913,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after purchasing an additional 6,444,444 shares in the last quarter. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 4,458,329 shares during the period. AQR Capital Management LLC raised its stake in Carnival Co. & by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock worth $116,857,000 after buying an additional 3,263,204 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Carnival Co. & by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock worth $450,977,000 after acquiring an additional 2,720,096 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Carnival Co. & during the 4th quarter valued at about $59,486,000. Institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CCL shares. Macquarie lowered their price objective on shares of Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Stifel Nicolaus boosted their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, March 24th. BNP Paribas initiated coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They set an "outperform" rating and a $26.00 price target for the company. Finally, Barclays reduced their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Stock Performance

Shares of NYSE CCL traded down $0.07 during mid-day trading on Friday, reaching $20.18. 17,369,038 shares of the company were exchanged, compared to its average volume of 26,116,733. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a market capitalization of $23.54 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.73 and a beta of 2.50. The company's 50-day simple moving average is $19.20 and its 200-day simple moving average is $22.97. 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. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) EPS. As a group, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

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.