QRG Capital Management Inc. Grows Stock Position in Carnival Co. & plc (NYSE:CCL)

QRG Capital Management Inc. boosted its position in Carnival Co. & plc (NYSE:CCL) by 13.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 755,492 shares of the company’s stock after buying an additional 89,476 shares during the quarter. QRG Capital Management Inc. owned approximately 0.07% of Carnival Co. & worth $14,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after acquiring an additional 559,038 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Carnival Co. & by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock worth $95,001,000 after acquiring an additional 844,014 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Carnival Co. & by 16.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock worth $87,094,000 after acquiring an additional 652,798 shares during the period. Earnest Partners LLC boosted its holdings in shares of Carnival Co. & by 12.5% in the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after acquiring an additional 507,045 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after acquiring an additional 2,638,564 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CCL. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Bank of America lifted 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. UBS Group lifted their price objective on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Wells Fargo & Company lifted their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Carnival Co. & Price Performance

NYSE CCL traded up $0.28 during trading hours on Friday, reaching $14.77. 26,030,012 shares of the stock traded hands, compared to its average volume of 30,793,023. The stock has a 50 day simple moving average of $16.96 and a two-hundred day simple moving average of $15.98. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 22.72 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) earnings per share. On average, analysts predict that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.

Carnival Co. & Company 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.