Carnival Co. & plc (NYSE:CCL) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. increased its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,997 shares of the company's stock after buying an additional 40,884 shares during the quarter. Graham Capital Management L.P.'s holdings in Carnival Co. & were worth $4,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 worth $2,918,022,000 after buying an additional 4,458,329 shares during the period. Geode Capital Management LLC increased its position in Carnival Co. & by 5.0% during the 4th 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. Arrowstreet Capital Limited Partnership increased its position in Carnival Co. & by 4.9% during the 4th 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. Renaissance Technologies LLC increased its position in Carnival Co. & by 17.7% during the 4th 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. Finally, Northern Trust Corp increased its position in Carnival Co. & by 14.8% during the 4th quarter. Northern Trust Corp now owns 10,638,692 shares of the company's stock valued at $265,116,000 after purchasing an additional 1,374,714 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CCL shares. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Loop Capital reduced their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Barclays dropped their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Finally, Citigroup dropped their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Seven 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 company has a consensus rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Stock Performance

Shares of NYSE CCL traded up $0.11 during midday trading on Tuesday, reaching $22.24. 4,287,381 shares of the stock were exchanged, compared to its average volume of 26,140,061. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a 50-day simple moving average of $19.20 and a two-hundred day simple moving average of $23.01. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.73 and a beta of 2.50.

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

Carnival Co. & 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.