137,279 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Seven Eight Capital LP

Seven Eight Capital LP acquired a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 137,279 shares of the company’s stock, valued at approximately $2,570,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Carnival Co. & by 210.1% during 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 in the last quarter. Norges Bank bought a new position in Carnival Co. & in the 4th quarter worth approximately $40,236,000. Goldentree Asset Management LP purchased a new position in Carnival Co. & in the 1st quarter valued at approximately $31,917,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Carnival Co. & during the first quarter valued at about $27,302,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

NYSE:CCL opened at $18.04 on Wednesday. The stock has a 50-day simple moving average of $16.55 and a two-hundred day simple moving average of $16.09. The firm has a market capitalization of $20.25 billion, a PE ratio of 27.75 and a beta of 2.68. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

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

Analyst Ratings Changes

Several research firms have weighed in on CCL. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Citigroup boosted their price target on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. lifted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target 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.