Quadrature Capital Ltd Trims Stake in Carnival Co. & plc (NYSE:CCL)

Quadrature Capital Ltd cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 82.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 491,458 shares of the company’s stock after selling 2,344,417 shares during the quarter. Quadrature Capital Ltd’s holdings in Carnival Co. & were worth $8,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. TCW Group Inc. purchased a new position in Carnival Co. & during the fourth quarter worth about $280,000. Empowered Funds LLC increased its holdings in Carnival Co. & by 29.4% in the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after purchasing an additional 3,741 shares during the last quarter. Merit Financial Group LLC raised its position in Carnival Co. & by 29.4% in the fourth quarter. Merit Financial Group LLC now owns 12,956 shares of the company’s stock valued at $240,000 after purchasing an additional 2,944 shares during the period. Great Valley Advisor Group Inc. lifted its stake in Carnival Co. & by 5.7% during the fourth quarter. Great Valley Advisor Group Inc. now owns 18,066 shares of the company’s stock worth $335,000 after purchasing an additional 981 shares in the last quarter. Finally, AGF Management Ltd. purchased a new position in shares of Carnival Co. & during the fourth quarter worth $435,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCL has been the topic of several research analyst reports. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, April 22nd. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Citigroup increased their target price on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Argus boosted their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.11.

Carnival Co. & Stock Up 1.0 %

CCL stock traded up $0.17 during midday trading on Friday, reaching $17.27. 20,816,921 shares of the company were exchanged, compared to its average volume of 25,553,086. The company has a market cap of $19.38 billion, a price-to-earnings ratio of 26.57 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. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The stock’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $16.10.

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

About Carnival Co. &

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.