Tabor Asset Management LP Increases Holdings in Carnival Co. & plc (NYSE:CCL)

Tabor Asset Management LP boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 63.3% in the 4th quarter, Holdings Channel reports. The firm owned 450,548 shares of the company’s stock after buying an additional 174,623 shares during the period. Carnival Co. & accounts for about 5.4% of Tabor Asset Management LP’s holdings, making the stock its 3rd largest position. Tabor Asset Management LP’s holdings in Carnival Co. & were worth $11,228,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CCL. FMR LLC increased its position in Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company’s stock worth $246,681,000 after purchasing an additional 6,444,444 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Carnival Co. & by 4.0% during 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 stake in shares of Carnival Co. & by 228.8% in the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company’s stock valued at $116,857,000 after acquiring an additional 3,263,204 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Carnival Co. & by 9,220.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,297,434 shares of the company’s stock valued at $82,172,000 after acquiring an additional 3,262,055 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $23.42 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm’s fifty day simple moving average is $19.45 and its two-hundred day simple moving average is $23.04. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The stock has a market capitalization of $27.32 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 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 quarter in the prior year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

CCL has been the subject of a number of recent research reports. HSBC raised Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 target price for the company in a report on Friday. Tigress Financial reaffirmed a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Finally, Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.68.

About Carnival Co. &

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.