Lecap Asset Management Ltd. Buys New Stake in Carnival Co. & plc (NYSE:CCL)

Lecap Asset Management Ltd. purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 3rd quarter, HoldingsChannel reports. The firm purchased 28,582 shares of the company’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after purchasing an additional 3,741 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after buying an additional 24,198 shares during the last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after buying an additional 11,276 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 0.4 %

Shares of CCL stock opened at $20.91 on Friday. The company has a market capitalization of $23.47 billion, a P/E ratio of 32.17 and a beta of 2.69. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The business’s 50 day moving average is $17.97 and its two-hundred day moving average is $16.67. Carnival Co. & plc has a twelve month low of $10.95 and a twelve month high of $21.80.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. Equities analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Tigress Financial boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Argus upped their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley lifted their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $23.53.

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.