Savoir Faire Capital Management L.P. Boosts Position in Carnival Corporation (NYSE:CCL)

Savoir Faire Capital Management L.P. boosted its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 50.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,614 shares of the company's stock after purchasing an additional 10,583 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Carnival were worth $617,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCL. Corient Private Wealth LLC raised its holdings in shares of Carnival by 0.5% in the 4th quarter. Corient Private Wealth LLC now owns 227,293 shares of the company's stock valued at $5,664,000 after purchasing an additional 1,159 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Carnival by 2.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company's stock valued at $1,366,000 after purchasing an additional 1,085 shares during the last quarter. Horizon Investments LLC increased its stake in shares of Carnival by 9.3% during the fourth quarter. Horizon Investments LLC now owns 14,986 shares of the company's stock worth $373,000 after purchasing an additional 1,273 shares during the period. Xponance Inc. increased its stake in shares of Carnival by 9.2% during the fourth quarter. Xponance Inc. now owns 149,337 shares of the company's stock worth $3,721,000 after purchasing an additional 12,626 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Carnival during the fourth quarter worth approximately $165,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Price Performance

NYSE CCL traded up $0.11 on Friday, hitting $29.56. The stock had a trading volume of 17,141,998 shares, compared to its average volume of 25,128,432. The firm has a 50-day moving average of $25.30 and a 200-day moving average of $23.21. The company has a market capitalization of $34.51 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 0.65 and a beta of 2.61. Carnival Corporation has a 52-week low of $13.78 and a 52-week high of $30.46. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating 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 business had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the prior year, the company posted $0.11 EPS. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

CCL has been the topic of several analyst reports. Bank of America increased their price target on shares of Carnival from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Stifel Nicolaus increased their price target 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. Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Susquehanna increased their price target on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. Finally, Macquarie cut their target price on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.06.

About Carnival

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.