Wedge Capital Management L L P NC Buys 45,915 Shares of Carnival Co. & plc (NYSE:CCL)

Wedge Capital Management L L P NC grew its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,211,867 shares of the company's stock after buying an additional 45,915 shares during the period. Carnival Co. & makes up 0.8% of Wedge Capital Management L L P NC's holdings, making the stock its 29th biggest position. Wedge Capital Management L L P NC owned 0.19% of Carnival Co. & worth $43,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. bought a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new position in Carnival Co. & in the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new stake in shares of Carnival Co. & during the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & during the 4th quarter worth $42,000. Finally, Ossiam bought a new position in shares of Carnival Co. & in the fourth quarter worth $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Trading Up 1.2%

Carnival Co. & stock traded up $0.29 during trading hours on Friday, hitting $24.31. The stock had a trading volume of 16,618,537 shares, compared to its average volume of 25,475,406. The stock has a market cap of $28.36 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 0.73 and a beta of 2.58. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business's 50 day simple moving average is $20.29 and its 200-day simple moving average is $22.96. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCL shares. Citigroup upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday. HSBC upgraded shares of Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 target price for the company in a research report on Friday, May 16th. Hsbc Global Res upgraded shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. William Blair restated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Finally, Stifel Nicolaus upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.47.

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.