Martingale Asset Management L P Increases Position in Carnival Co. & plc (NYSE:CCL)

Martingale Asset Management L P raised its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 313.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,810 shares of the company's stock after purchasing an additional 69,586 shares during the quarter. Martingale Asset Management L P's holdings in Carnival Co. & were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Carnival Co. & Trading Up 0.7 %

Shares of CCL stock traded up $0.12 during mid-day trading on Tuesday, reaching $17.94. The stock had a trading volume of 11,066,116 shares, compared to its average volume of 25,132,338. The firm has a market capitalization of $20.93 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The stock's 50-day moving average price is $21.55 and its two-hundred day moving average price is $23.15. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the business earned ($0.14) EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of analyst reports. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. Mizuho boosted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Finally, BNP Paribas assumed coverage on Carnival Co. & in a report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective for the company. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $26.84.

Carnival Co. & Company 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.