International Assets Investment Management LLC Increases Position in Carnival Co. & plc (NYSE:CCL)

International Assets Investment Management LLC grew its position in Carnival Co. & plc (NYSE:CCL) by 2.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 98,414 shares of the company’s stock after purchasing an additional 1,901 shares during the period. International Assets Investment Management LLC’s holdings in Carnival Co. & were worth $1,600,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. &PARTNERS purchased a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $320,000. CHURCHILL MANAGEMENT Corp grew its stake in shares of Carnival Co. & by 4.0% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 465,576 shares of the company’s stock valued at $7,608,000 after buying an additional 17,770 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $458,000. Wedmont Private Capital purchased a new position in shares of Carnival Co. & during the 1st quarter worth approximately $172,000. Finally, Czech National Bank boosted its position in shares of Carnival Co. & by 0.5% during the 1st quarter. Czech National Bank now owns 177,323 shares of the company’s stock worth $2,897,000 after purchasing an additional 866 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCL. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Stifel Nicolaus reduced their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Macquarie increased their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Tigress Financial raised their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.61.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $16.07 on Monday. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The firm has a market capitalization of $18.04 billion, a P/E ratio of 61.81 and a beta of 2.57. The company’s fifty day moving average price is $15.25 and its 200 day moving average price is $16.11.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the firm posted ($0.55) EPS. Carnival Co. &’s revenue for the quarter was up 22.0% on a year-over-year basis. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

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.