Carnival Co. & plc (NYSE:CCL) Shares Bought by Davis Capital Management

Davis Capital Management boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1,333.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,675 shares of the company’s stock after acquiring an additional 9,000 shares during the quarter. Davis Capital Management’s holdings in Carnival Co. & were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its holdings in shares of Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after buying an additional 2,638,564 shares during the period. Norges Bank acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $40,236,000. Goldentree Asset Management LP acquired a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $31,917,000. International Assets Investment Management LLC lifted its holdings in shares of Carnival Co. & by 1,589.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after buying an additional 1,683,434 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $27,302,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Bank of America raised their price objective on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. UBS Group raised their price target on Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Citigroup raised their price target on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $22.11.

Carnival Co. & Trading Down 6.1 %

Carnival Co. & stock traded down $0.96 during midday trading on Friday, reaching $14.80. The stock had a trading volume of 44,420,021 shares, compared to its average volume of 26,713,284. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74. The stock has a market capitalization of $16.61 billion, a PE ratio of 22.77 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 stock’s 50-day simple moving average is $17.04 and its 200 day simple moving average is $16.06.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm 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 firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Analysts expect that Carnival Co. & plc will post 1.18 EPS for the current 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.