Deltec Asset Management LLC Has $12.26 Million Position in Carnival Co. & plc (NYSE:CCL)

Deltec Asset Management LLC boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 15.7% in the second quarter, HoldingsChannel reports. The firm owned 655,105 shares of the company’s stock after purchasing an additional 88,920 shares during the quarter. Carnival Co. & accounts for about 2.4% of Deltec Asset Management LLC’s holdings, making the stock its 11th largest holding. Deltec Asset Management LLC’s holdings in Carnival Co. & were worth $12,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Richardson Capital Management LLC bought a new stake in Carnival Co. & in the 1st quarter valued at $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Carnival Co. & in the fourth quarter valued at about $31,000. BNP Paribas acquired a new position in shares of Carnival Co. & in the first quarter valued at about $32,000. YHB Investment Advisors Inc. bought a new position in Carnival Co. & during the first quarter worth about $34,000. Finally, 1832 Asset Management L.P. boosted its holdings in Carnival Co. & by 66.7% in the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after purchasing an additional 800 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. 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 report on Thursday, June 27th. Susquehanna reissued a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Argus upped their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Citigroup raised their target price on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

Carnival Co. & Price Performance

CCL traded down $0.11 on Wednesday, reaching $14.76. The stock had a trading volume of 21,590,742 shares, compared to its average volume of 30,583,668. The firm has a 50-day moving average of $16.89 and a 200-day moving average of $15.96. Carnival Co. & plc has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The company has a market capitalization of $16.57 billion, a price-to-earnings ratio of 22.74 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. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same quarter last year, the business earned ($0.31) EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.18 EPS 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.