113,500 Shares in Carnival Corporation (NYSE:CCL) Bought by Black Swift Group LLC

Black Swift Group LLC acquired a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,500 shares of the company's stock, valued at approximately $2,217,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC boosted its holdings in Carnival by 9.9% in the first quarter. AE Wealth Management LLC now owns 26,606 shares of the company's stock worth $520,000 after purchasing an additional 2,391 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in Carnival by 5.5% in the first quarter. Wedbush Securities Inc. now owns 30,009 shares of the company's stock worth $586,000 after purchasing an additional 1,576 shares during the last quarter. Mount Lucas Management LP boosted its holdings in Carnival by 42.5% in the first quarter. Mount Lucas Management LP now owns 65,754 shares of the company's stock worth $1,284,000 after purchasing an additional 19,601 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Carnival by 17.9% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 532,098 shares of the company's stock worth $10,392,000 after purchasing an additional 80,704 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Carnival by 25.8% in the first quarter. Y Intercept Hong Kong Ltd now owns 18,090 shares of the company's stock worth $353,000 after acquiring an additional 3,713 shares during the period. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. TD Cowen began coverage on shares of Carnival in a research report on Tuesday. They issued a "buy" rating and a $36.00 price target on the stock. Barclays lifted their price target on shares of Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Morgan Stanley boosted their target price on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Wall Street Zen upgraded shares of Carnival from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Macquarie reduced their target price on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.35.

Carnival Stock Performance

Carnival stock traded down $0.03 during mid-day trading on Friday, reaching $29.75. 13,057,685 shares of the company traded hands, compared to its average volume of 22,977,866. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a fifty-two week low of $13.78 and a fifty-two week high of $31.01. The company has a market capitalization of $34.73 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 0.67 and a beta of 2.61. The firm's fifty day moving average is $26.02 and its two-hundred day moving average is $23.40.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Carnival 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.