Lecap Asset Management Ltd. Acquires New Stake in Carnival Co. & plc (NYSE:CCL)

Lecap Asset Management Ltd. purchased a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,582 shares of the company's stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Carnival Co. & in the second quarter valued at approximately $466,838,000. Marshall Wace LLP raised its stake in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock valued at $179,435,000 after acquiring an additional 2,911,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Carnival Co. & by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company's stock valued at $109,444,000 after acquiring an additional 473,848 shares during the last quarter. Finally, Earnest Partners LLC raised its stake in shares of Carnival Co. & by 12.5% in the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company's stock valued at $74,631,000 after acquiring an additional 507,045 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CCL shares. Hsbc Global Res upgraded shares of Carnival Co. & to a "moderate sell" rating in a research note on Tuesday, September 3rd. Tigress Financial raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a report on Monday, October 7th. Mizuho raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Citigroup raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus raised their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.53.

Carnival Co. & Trading Down 0.1 %

Shares of CCL stock traded down $0.02 on Friday, hitting $20.89. The stock had a trading volume of 16,242,198 shares, compared to its average volume of 29,966,514. Carnival Co. & plc has a twelve month low of $10.95 and a twelve month high of $21.80. The firm has a market cap of $23.45 billion, a P/E ratio of 32.15 and a beta of 2.69. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company has a fifty day moving average price of $18.08 and a two-hundred day moving average price of $16.70.

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

Carnival Co. & Company 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.