Carnival Co. & plc (NYSE:CCL) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 2,400.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,010,189 shares of the company's stock after buying an additional 2,889,785 shares during the quarter. International Assets Investment Management LLC owned about 0.27% of Carnival Co. & worth $556,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCL. Family Firm Inc. purchased a new stake in Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new position in shares of Carnival Co. & in the 2nd quarter valued at approximately $30,000. Richardson Capital Management LLC acquired a new stake in Carnival Co. & in the 1st quarter worth approximately $26,000. CVA Family Office LLC grew its position in Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after purchasing an additional 1,205 shares during the last quarter. Finally, BNP Paribas purchased a new position in shares of Carnival Co. & in the first quarter worth $32,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CCL shares. Argus boosted their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, June 27th. Macquarie increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Morgan Stanley lifted their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an "underweight" rating in a report on Tuesday, October 1st. Tigress Financial increased their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Finally, Susquehanna restated a "positive" rating and set a $22.00 price objective on shares of Carnival Co. & in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.53.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded down $0.09 during trading on Thursday, reaching $20.91. 15,598,626 shares of the company's stock traded hands, compared to its average volume of 30,033,092. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a fifty-two week low of $10.95 and a fifty-two week high of $21.80. The company has a 50-day simple moving average of $17.97 and a 200-day simple moving average of $16.67. The firm has a market cap of $23.47 billion, a PE ratio of 32.17 and a beta of 2.69.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &'s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. As a group, analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Carnival Co. & Profile

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.