International Assets Investment Management LLC Purchases 2,889,785 Shares of Carnival Co. & plc (NYSE:CCL)

International Assets Investment Management LLC boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 2,400.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,010,189 shares of the company’s stock after buying an additional 2,889,785 shares during the quarter. International Assets Investment Management LLC owned 0.27% of Carnival Co. & worth $556,280,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Richardson Capital Management LLC purchased a new position in Carnival Co. & in the 1st quarter worth about $26,000. Family Firm Inc. purchased a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $30,000. BNP Paribas purchased a new stake in shares of Carnival Co. & during the 1st quarter valued at about $32,000. Finally, CVA Family Office LLC increased its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CCL shares. Morgan Stanley upped their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Bank of America upped their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Argus upped their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Citigroup boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Stock Down 2.1 %

NYSE CCL opened at $21.00 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market capitalization of $23.57 billion, a P/E ratio of 32.31 and a beta of 2.69. Carnival Co. & plc has a one year low of $10.95 and a one year high of $21.80. The stock has a 50 day moving average price of $17.97 and a 200-day moving average price of $16.67.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. As a group, equities analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Carnival Co. & Company 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.