Mad River Investors Cuts Stake in Carnival Co. & plc (NYSE:CCL)

Mad River Investors decreased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,400 shares of the company’s stock after selling 4,100 shares during the period. Carnival Co. & makes up about 2.4% of Mad River Investors’ investment portfolio, making the stock its 9th largest holding. Mad River Investors’ holdings in Carnival Co. & were worth $3,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the first quarter worth $26,000. Friedenthal Financial bought a new stake in Carnival Co. & during the 4th quarter worth about $28,000. ICA Group Wealth Management LLC acquired a new position in shares of Carnival Co. & during the 4th quarter worth about $31,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Carnival Co. & by 66.7% in the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after acquiring an additional 800 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Carnival Co. & stock traded down $0.11 during trading hours on Thursday, reaching $17.45. 14,095,439 shares of the stock were exchanged, compared to its average volume of 32,091,796. The stock has a 50 day moving average of $15.82 and a two-hundred day moving average of $16.11. The company has a market cap of $19.59 billion, a P/E ratio of 26.85 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.31) earnings per share. Equities analysts expect that Carnival Co. & plc will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

CCL has been the subject of a number of analyst reports. Tigress Financial raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. UBS Group boosted their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Argus increased their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Barclays upped their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.83.

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.