nVerses Capital LLC Acquires Shares of 3,600 Carnival Co. & plc (NYSE:CCL)

nVerses Capital LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,600 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Richardson Capital Management LLC purchased a new position in Carnival Co. & during the first quarter valued at $26,000. Family Firm Inc. purchased a new position in Carnival Co. & during the second quarter valued at $26,000. Hantz Financial Services Inc. purchased a new position in Carnival Co. & during the second quarter valued at $30,000. ICA Group Wealth Management LLC purchased a new position in shares of Carnival Co. & in the fourth quarter worth about $31,000. Finally, BNP Paribas purchased a new position in shares of Carnival Co. & in the first quarter worth about $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCL has been the topic of several research reports. UBS Group raised their price target on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. raised their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Bank of America raised their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Susquehanna reissued a “positive” rating and issued a $22.00 price target on shares of Carnival Co. & in a research note on Wednesday, June 26th. Finally, Argus raised 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $16.15 on Thursday. The company’s 50 day simple moving average is $16.74 and its 200-day simple moving average is $15.99. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 24.85 and a beta of 2.68. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. 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. & (NYSE:CCL) last released its quarterly earnings results 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. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.31) EPS. As a group, equities research analysts expect that Carnival Co. & plc will post 1.19 earnings per share for the current year.

Carnival Co. & Profile

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.