Mount Lucas Management LP Has $1.28 Million Stock Position in Carnival Corporation (NYSE:CCL)

Mount Lucas Management LP increased its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 42.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,754 shares of the company's stock after purchasing an additional 19,601 shares during the period. Mount Lucas Management LP's holdings in Carnival were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CCL. Thrivent Financial for Lutherans grew its stake in Carnival by 2.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company's stock worth $1,366,000 after acquiring an additional 1,085 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Carnival during the 4th quarter valued at $34,000. Mizuho Securities USA LLC grew its stake in shares of Carnival by 50.3% during the 4th quarter. Mizuho Securities USA LLC now owns 98,450 shares of the company's stock valued at $2,453,000 after buying an additional 32,943 shares during the period. American Century Companies Inc. grew its stake in shares of Carnival by 10.5% during the 4th quarter. American Century Companies Inc. now owns 1,534,582 shares of the company's stock valued at $38,242,000 after buying an additional 146,267 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Carnival by 11.1% during the 4th quarter. LPL Financial LLC now owns 730,544 shares of the company's stock valued at $18,205,000 after buying an additional 72,701 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on CCL shares. Northcoast Research started coverage on shares of Carnival in a research report on Friday, April 25th. They set a "neutral" rating for the company. Mizuho upped their target price on shares of Carnival from $33.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. HSBC raised shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a research report on Friday, May 16th. Stifel Nicolaus upped their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of Carnival from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.35.

Carnival Stock Down 0.1%

Shares of CCL traded down $0.03 during mid-day trading on Friday, hitting $29.75. 13,057,685 shares of the company's stock were exchanged, compared to its average volume of 22,977,866. The firm has a fifty day moving average of $26.02 and a two-hundred day moving average of $23.40. Carnival Corporation has a twelve month low of $13.78 and a twelve month high of $31.01. The stock has a market cap of $34.73 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.67 and a beta of 2.61. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

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

Carnival 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.