Triumph Capital Management Purchases Shares of 15,980 Carnival Co. & plc (NYSE:CCL)

Triumph Capital Management purchased a new position in Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,980 shares of the company's stock, valued at approximately $398,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Carnival Co. & by 186.6% during 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 4,458,329 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Carnival Co. & by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after buying an additional 3,263,204 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Carnival Co. & by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock worth $450,977,000 after acquiring an additional 2,720,096 shares during the last quarter. Finally, Norges Bank bought a new position in Carnival Co. & in the 4th quarter valued at approximately $59,486,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE:CCL traded up $0.95 during trading hours on Friday, hitting $19.58. 27,602,249 shares of the stock traded hands, compared to its average volume of 26,222,198. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth 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 stock has a 50 day moving average price of $19.55 and a 200 day moving average price of $23.04. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the business posted ($0.14) EPS. Carnival Co. &'s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCL. Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Barclays decreased their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Finally, Northcoast Research initiated coverage on shares of Carnival Co. & in a report on Friday, April 25th. They issued a "neutral" rating on the stock. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.53.

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.