Robeco Institutional Asset Management B.V. Acquires 60,995 Shares of Carnival Co. & plc (NYSE:CCL)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 98.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,677 shares of the company’s stock after purchasing an additional 60,995 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Carnival Co. & were worth $3,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CCL. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter valued at approximately $25,000. Assetmark Inc. lifted its position in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the last quarter. CVA Family Office LLC boosted its stake in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Carnival Co. & during the fourth quarter worth $52,000. Finally, Morse Asset Management Inc bought a new position in Carnival Co. & during the third quarter valued at $46,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Down 2.9 %

Shares of NYSE CCL opened at $27.66 on Monday. The stock has a market capitalization of $32.20 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.87 and a beta of 2.64. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock’s fifty day simple moving average is $25.58 and its two-hundred day simple moving average is $21.23.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. As a group, analysts expect that Carnival Co. & plc will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Citigroup boosted their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Mizuho increased their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.24.

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.