NorthRock Partners LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

NorthRock Partners LLC acquired a new position in Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,899 shares of the company's stock, valued at approximately $346,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position 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 acquiring an additional 4,458,329 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Carnival Co. & by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after purchasing an additional 5,761,489 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Carnival Co. & by 4.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after purchasing an additional 877,694 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after purchasing an additional 2,720,096 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Down 0.7%

Carnival Co. & stock traded down $0.16 on Friday, hitting $22.27. 15,872,579 shares of the stock traded hands, compared to its average volume of 25,862,167. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a market cap of $25.98 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The business's fifty day simple moving average is $19.72 and its 200 day simple moving average is $23.04. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Hsbc Global Res raised Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Wall Street Zen raised Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Macquarie dropped their price objective on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Loop Capital dropped their price target on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.53.

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.