CenterBook Partners LP Purchases New Shares in Carnival Corporation (NYSE:CCL)

CenterBook Partners LP purchased a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 98,962 shares of the company's stock, valued at approximately $1,933,000.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in Carnival in the fourth quarter valued at about $59,486,000. Beck Bode LLC bought a new position in Carnival during the 4th quarter worth approximately $5,715,000. Itau Unibanco Holding S.A. bought a new position in Carnival during the 4th quarter worth approximately $5,113,000. Korea Investment CORP lifted its holdings in Carnival by 36.7% during the 4th quarter. Korea Investment CORP now owns 1,090,909 shares of the company's stock worth $27,185,000 after buying an additional 293,154 shares during the last quarter. Finally, Allstate Corp bought a new position in Carnival during the 4th quarter worth approximately $767,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Stock Performance

CCL traded up $0.05 during trading on Wednesday, hitting $29.02. The company's stock had a trading volume of 17,898,082 shares, compared to its average volume of 25,144,732. The business's 50 day simple moving average is $24.74 and its 200-day simple moving average is $23.10. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The firm has a market cap of $33.88 billion, a PE ratio of 15.69, a P/E/G ratio of 0.64 and a beta of 2.61. Carnival Corporation has a one year low of $13.78 and a one year high of $30.46.

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

Analyst Ratings Changes

A number of brokerages recently commented on CCL. Susquehanna upped their price objective on Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. HSBC raised Carnival from a "reduce" rating to a "hold" rating and set a $24.00 target price on the stock in a research note on Friday, May 16th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival in a research note on Wednesday, March 26th. Northcoast Research started coverage on Carnival in a research note on Friday, April 25th. They set a "neutral" rating on the stock. Finally, Stifel Nicolaus lifted their price target on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Carnival currently has an average rating of "Moderate Buy" and an average target price of $29.06.

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.