Bridgewater Associates LP Buys New Position in Carnival Co. & plc (NYSE:CCL)

Bridgewater Associates LP bought a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 249,722 shares of the company's stock, valued at approximately $6,223,000.

Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC boosted its position in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $42,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Trading Up 4.4 %

Shares of CCL stock traded up $0.79 on Wednesday, hitting $18.77. The company had a trading volume of 11,675,407 shares, compared to its average volume of 24,778,971. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock's 50-day moving average is $20.54 and its two-hundred day moving average is $23.11. The firm has a market cap of $21.90 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the company earned ($0.14) EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BNP Paribas assumed coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price target on the stock. Barclays lowered their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Tuesday. Tigress Financial reissued a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Finally, Stifel Nicolaus upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.