International Assets Investment Management LLC Has $331.75 Million Position in Carnival Co. & plc (NYSE:CCL)

International Assets Investment Management LLC increased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 1,589.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,789,351 shares of the company's stock after acquiring an additional 1,683,434 shares during the period. International Assets Investment Management LLC owned approximately 0.16% of Carnival Co. & worth $331,750,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Carnival Co. & by 59.6% in the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company's stock valued at $34,000 after acquiring an additional 669 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company's stock valued at $34,000 after acquiring an additional 739 shares in the last quarter. Hanseatic Management Services Inc. acquired a new stake in shares of Carnival Co. & in the third quarter valued at $30,000. Planned Solutions Inc. acquired a new stake in Carnival Co. & in the fourth quarter valued at $41,000. Finally, First Horizon Advisors Inc. raised its stake in Carnival Co. & by 254.3% in the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company's stock valued at $38,000 after buying an additional 2,004 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded up $0.06 during trading on Friday, hitting $15.13. 29,824,435 shares of the stock were exchanged, compared to its average volume of 32,819,984. The company has a fifty day moving average price of $15.94 and a two-hundred day moving average price of $15.36. The company has a market cap of $16.98 billion, a PE ratio of 58.00 and a beta of 2.54. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a 12-month low of $8.70 and a 12-month high of $19.74.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm posted ($0.55) EPS. The company's quarterly revenue was up 22.0% compared to the same quarter last year. On average, analysts forecast that Carnival Co. & plc will post 1 EPS for the current year.

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Susquehanna cut their price target on Carnival Co. & from $23.00 to $22.00 and set a "positive" rating on the stock in a research note on Monday, March 25th. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. William Blair restated an "outperform" rating on shares of Carnival Co. & in a research note on Tuesday, March 19th. Barclays raised their price target on Carnival Co. & from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Finally, Citigroup lifted their target price on Carnival Co. & from $19.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and an average price target of $21.47.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.