O Shaughnessy Asset Management LLC Raises Position in Carnival Co. & plc (NYSE:CCL)

O Shaughnessy Asset Management LLC boosted its position in shares of Carnival Co. & plc (NYSE:CCL) by 77.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,263 shares of the company’s stock after buying an additional 28,856 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Carnival Co. & were worth $1,651,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CCL. FMR LLC increased its position in shares of Carnival Co. & by 3.2% during the third quarter. FMR LLC now owns 3,454,462 shares of the company’s stock worth $63,838,000 after purchasing an additional 107,481 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Carnival Co. & by 18.9% in the third quarter. Townsquare Capital LLC now owns 13,329 shares of the company’s stock valued at $246,000 after purchasing an additional 2,122 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Carnival Co. & by 13.4% during the third quarter. Public Sector Pension Investment Board now owns 43,964 shares of the company’s stock worth $812,000 after buying an additional 5,200 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Carnival Co. & by 29.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 54,700 shares of the company’s stock worth $1,011,000 after buying an additional 12,330 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in Carnival Co. & by 48.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 33,551 shares of the company’s stock valued at $620,000 after buying an additional 11,000 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $16.49 on Friday. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market capitalization of $19.24 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company’s fifty day moving average price is $23.09 and its 200 day moving average price is $23.20.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCL. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Loop Capital lowered their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. StockNews.com upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. Finally, Citigroup decreased their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

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.