566,185 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 566,185 shares of the company’s stock, valued at approximately $9,251,000. Carnival Co. & makes up 1.8% of Deltec Asset Management LLC’s investment portfolio, making the stock its 15th largest position. Deltec Asset Management LLC owned approximately 0.05% of Carnival Co. & at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. grew its position in Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after buying an additional 2,638,564 shares in the last quarter. Norges Bank purchased a new position in shares of Carnival Co. & during the fourth quarter worth about $40,236,000. International Assets Investment Management LLC increased its position in shares of Carnival Co. & by 1,589.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock worth $331,750,000 after purchasing an additional 1,683,434 shares during the last quarter. Blackstone Inc. raised its stake in Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after purchasing an additional 1,010,000 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Carnival Co. & by 1,599.8% during the fourth quarter. Panagora Asset Management Inc. now owns 963,261 shares of the company’s stock valued at $17,859,000 after purchasing an additional 906,591 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 0.6 %

CCL traded up $0.11 on Friday, hitting $18.72. The company had a trading volume of 34,276,987 shares, compared to its average volume of 33,236,444. The stock has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $16.11. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.32. The firm has a market capitalization of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results 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 company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) earnings per share. As a group, equities analysts expect that Carnival Co. & plc will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho initiated coverage on shares of Carnival Co. & in a report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target on the stock. Barclays increased their price objective on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Tigress Financial boosted their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lifted 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. Finally, The Goldman Sachs Group initiated coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.