Carnival Co. & plc (NYSE:CCL) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 43.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,585,200 shares of the company’s stock after acquiring an additional 2,911,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.85% of Carnival Co. & worth $179,435,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of CCL. Quantbot Technologies LP acquired a new stake in shares of Carnival Co. & in the 2nd quarter worth $7,895,000. Dimensional Fund Advisors LP lifted its stake in shares of Carnival Co. & by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after purchasing an additional 473,848 shares during the period. Element Capital Management LLC purchased a new stake in Carnival Co. & during the second quarter valued at about $189,000. Envestnet Asset Management Inc. raised its stake in shares of Carnival Co. & by 49.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 240,019 shares of the company’s stock valued at $4,493,000 after acquiring an additional 78,895 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in Carnival Co. & by 10.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,632 shares of the company’s stock worth $367,000 after buying an additional 1,800 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Up 2.0 %

Shares of NYSE:CCL opened at $17.26 on Monday. The business has a 50-day moving average price of $16.54 and a 200 day moving average price of $16.06. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a market capitalization of $19.37 billion, a price-to-earnings ratio of 26.55 and a beta of 2.68.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CCL shares. Morgan Stanley upped their price objective on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Citigroup raised their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Susquehanna reissued a “positive” rating and set a $22.00 price objective on shares of Carnival Co. & 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $22.25.

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.