Quantbot Technologies LP Acquires Shares of 421,760 Carnival Co. & plc (NYSE:CCL)

Quantbot Technologies LP bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 421,760 shares of the company’s stock, valued at approximately $7,895,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCW Group Inc. bought a new stake in Carnival Co. & during the fourth quarter worth about $280,000. Empowered Funds LLC grew its stake in shares of Carnival Co. & by 29.4% in the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after buying an additional 3,741 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Carnival Co. & by 7.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock valued at $3,266,000 after buying an additional 12,017 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in Carnival Co. & by 38.3% during the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after buying an additional 11,276 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Up 2.0 %

CCL stock opened at $17.26 on Monday. The company has a market cap of $19.37 billion, a price-to-earnings ratio of 26.55 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The business’s 50-day moving average is $16.54 and its two-hundred day moving average is $16.06. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.31) EPS. As a group, analysts forecast that Carnival Co. & plc will post 1.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America increased their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Argus lifted their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Finally, Citigroup boosted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

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.