Carnival Co. & plc (NYSE:CCL) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Carnival Co. & plc (NYSE:CCL – Get Rating) by 57.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,092 shares of the company’s stock after buying an additional 69,900 shares during the period. Russell Investments Group Ltd.’s holdings in Carnival Co. & were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CCL. American Century Companies Inc. lifted its position in shares of Carnival Co. & by 13.3% during the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock valued at $667,000 after buying an additional 3,869 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Carnival Co. & by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock valued at $2,188,000 after buying an additional 7,248 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Carnival Co. & by 3.4% during the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock valued at $2,787,000 after buying an additional 4,536 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Carnival Co. & by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock valued at $95,697,000 after buying an additional 93,169 shares in the last quarter. Finally, Aviva PLC lifted its position in shares of Carnival Co. & by 25.5% during the 1st quarter. Aviva PLC now owns 152,741 shares of the company’s stock valued at $3,088,000 after buying an additional 31,037 shares in the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on Carnival Co. & in a report on Friday, April 28th. They issued a “neutral” rating and a $11.00 price objective on the stock. Macquarie raised their price objective on Carnival Co. & from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, April 5th. Wells Fargo & Company upgraded Carnival Co. & from an “underweight” rating to an “equal weight” rating and set a $9.00 price objective on the stock in a report on Tuesday, March 28th. Credit Suisse Group raised their price objective on Carnival Co. & from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, March 27th. Finally, StockNews.com assumed coverage on Carnival Co. & in a report on Thursday, May 18th. They set a “sell” rating on the stock. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.45.

Carnival Co. & Stock Down 1.6 %

Shares of NYSE:CCL opened at $11.04 on Wednesday. The business has a 50-day moving average price of $9.73 and a 200 day moving average price of $9.87. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 5.30. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of -2.71 and a beta of 2.22. Carnival Co. & plc has a 12-month low of $6.11 and a 12-month high of $14.20.

Carnival Co. & (NYSE:CCL – Get Rating) last released its earnings results on Monday, March 27th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.05. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.30 billion. Carnival Co. & had a negative return on equity of 57.75% and a negative net margin of 32.68%. Carnival Co. &’s revenue was up 173.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.65) EPS. Sell-side analysts expect that Carnival Co. & plc will post -0.29 EPS for the current year.

About Carnival Co. &

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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.