Cantor Fitzgerald L. P. Makes New Investment in Carnival Co. & plc (NYSE:CCL)

by · The Cerbat Gem

Cantor Fitzgerald L. P. purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 92,937 shares of the company’s stock, valued at approximately $2,316,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCL. FMR LLC raised its position in Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company’s stock worth $246,681,000 after acquiring an additional 6,444,444 shares during the period. Vanguard Group Inc. increased its position in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Carnival Co. & by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock valued at $116,857,000 after buying an additional 3,263,204 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Carnival Co. & by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock worth $450,977,000 after acquiring an additional 2,720,096 shares in the last quarter. Finally, Norges Bank bought a new stake in Carnival Co. & during the 4th quarter worth approximately $59,486,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCL has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Loop Capital lowered their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. Mizuho increased their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, Stifel Nicolaus upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, March 24th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $26.53.

Read Our Latest Stock Analysis on CCL

Carnival Co. & Stock Up 5.1 %

NYSE:CCL opened at $19.58 on Monday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a market capitalization of $22.84 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.73 and a beta of 2.50. The company’s 50-day simple moving average is $19.55 and its 200-day simple moving average is $23.05. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL – Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the company posted ($0.14) EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Profile

(Free Report)

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

See Also

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