Deltec Asset Management LLC Purchases 134,063 Shares of Carnival Co. & plc (NYSE:CCL)

Deltec Asset Management LLC increased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 789,168 shares of the company's stock after acquiring an additional 134,063 shares during the period. Carnival Co. & makes up 2.9% of Deltec Asset Management LLC's investment portfolio, making the stock its 10th largest position. Deltec Asset Management LLC owned about 0.07% of Carnival Co. & worth $14,584,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CCL. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Carnival Co. & in the 2nd quarter valued at approximately $466,838,000. Marshall Wace LLP lifted its holdings in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC boosted its stake in 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 period. International Assets Investment Management LLC increased its position in Carnival Co. & by 2,400.1% in the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock worth $556,280,000 after buying an additional 2,889,785 shares during the period. Finally, Goldentree Asset Management LP bought a new stake in Carnival Co. & in the 1st quarter valued at about $31,917,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock traded up $0.06 during midday trading on Wednesday, reaching $22.16. The company had a trading volume of 23,775,095 shares, compared to its average volume of 29,937,480. The company has a market capitalization of $25.58 billion, a price-to-earnings ratio of 19.73 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 stock has a fifty day simple moving average of $18.45 and a 200 day simple moving average of $16.86. Carnival Co. & plc has a 1-year low of $11.10 and a 1-year high of $22.39.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the stock an "underweight" rating in a research report on Tuesday, October 1st. Hsbc Global Res raised Carnival Co. & to a "moderate sell" rating in a report on Tuesday, September 3rd. Tigress Financial lifted their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Stifel Nicolaus raised their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Finally, Citigroup upped 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.53.

About Carnival Co. &

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.