AQR Capital Management LLC Trims Position in Carnival Co. & plc (NYSE:CCL)

AQR Capital Management LLC lowered its holdings in Carnival Co. & plc (NYSE:CCL) by 40.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 637,256 shares of the company’s stock after selling 440,273 shares during the period. AQR Capital Management LLC owned 0.06% of Carnival Co. & worth $11,929,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Richardson Capital Management LLC acquired a new stake in Carnival Co. & in the 1st quarter worth about $26,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new position in shares of Carnival Co. & during the 2nd quarter worth about $30,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth approximately $31,000. Finally, BNP Paribas purchased a new stake in Carnival Co. & in the first quarter valued at approximately $32,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Susquehanna reissued a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Bank of America raised their price objective on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Mizuho lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.84.

Carnival Co. & Stock Performance

NYSE:CCL opened at $18.02 on Wednesday. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $19.74. The stock has a market cap of $20.23 billion, a P/E ratio of 27.72 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a 50-day moving average of $16.57 and a two-hundred day moving average of $16.25.

Carnival Co. & (NYSE:CCL) last issued 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. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the firm earned $0.86 EPS. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts expect that Carnival Co. & plc will post 1.21 earnings per share for the current fiscal 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.