Adage Capital Partners GP L.L.C. increased its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 465.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 970,500 shares of the company's stock after purchasing an additional 798,800 shares during the period. Adage Capital Partners GP L.L.C. owned 0.08% of Carnival Co. & worth $24,185,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Carnival Co. & by 4.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,476,588 shares of the company's stock valued at $36,798,000 after buying an additional 60,833 shares in the last quarter. Pinebridge Investments L.P. lifted its position in Carnival Co. & by 143.8% during the fourth quarter. Pinebridge Investments L.P. now owns 594,894 shares of the company's stock valued at $14,825,000 after acquiring an additional 350,921 shares during the last quarter. Stifel Financial Corp boosted its stake in Carnival Co. & by 1.3% in the fourth quarter. Stifel Financial Corp now owns 781,608 shares of the company's stock valued at $19,478,000 after acquiring an additional 9,709 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in Carnival Co. & by 15.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 439,488 shares of the company's stock worth $10,952,000 after purchasing an additional 57,182 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Carnival Co. & by 47.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 88,438 shares of the company's stock worth $2,204,000 after purchasing an additional 28,325 shares in the last quarter. Institutional investors own 67.19% of the company's stock.
Analyst Ratings Changes
Several research analysts recently issued reports on CCL shares. Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Barclays decreased their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Northcoast Research initiated coverage on shares of Carnival Co. & in a research note on Friday. They set a "neutral" rating on the stock. StockNews.com downgraded shares of Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Stifel Nicolaus raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.53.
Get Our Latest Analysis on CCL
Carnival Co. & Price Performance
Shares of CCL stock traded down $0.15 during trading hours on Tuesday, hitting $18.71. 30,350,419 shares of the company's stock were exchanged, compared to its average volume of 26,197,429. The firm has a 50 day moving average of $19.95 and a two-hundred day moving average of $23.11. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market cap of $21.83 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.73 and a beta of 2.42. 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 announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the business earned ($0.14) earnings per share. The company'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 year.
Carnival Co. & Company Profile
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Free Report)
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.
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