PKO Investment Management Joint Stock Co Makes New Investment in Carnival Co. & plc (NYSE:CCL)

PKO Investment Management Joint Stock Co bought a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 90,000 shares of the company's stock, valued at approximately $2,243,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CCL. FMR LLC increased its position in shares of Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after acquiring an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after acquiring an additional 5,761,489 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Carnival Co. & by 4.0% in 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. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at about $100,845,000. Finally, AQR Capital Management LLC increased its position in shares of Carnival Co. & by 228.8% in the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after acquiring an additional 3,263,204 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE:CCL traded up $0.07 during trading hours on Friday, reaching $23.23. 22,337,630 shares of the company were exchanged, compared to its average volume of 25,727,177. The company has a market capitalization of $27.10 billion, a P/E ratio of 16.71, a P/E/G ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business has a 50 day moving average of $19.90 and a 200 day moving average of $22.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

CCL has been the topic of a number of recent analyst reports. Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. BNP Paribas initiated coverage on Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price target on the stock. Mizuho boosted their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Finally, Hsbc Global Res raised Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.