Connor Clark & Lunn Investment Management Ltd. Takes $8.16 Million Position in Carnival Co. & plc (NYSE:CCL)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Carnival Co. & plc (NYSE:CCL – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,012,369 shares of the company’s stock, valued at approximately $8,160,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of Carnival Co. & as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in Carnival Co. & by 13.3% during the first quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock worth $667,000 after purchasing an additional 3,869 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Carnival Co. & by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock valued at $2,188,000 after acquiring an additional 7,248 shares during the period. Yousif Capital Management LLC boosted its position in shares of Carnival Co. & by 3.4% in the first quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock valued at $2,787,000 after acquiring an additional 4,536 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Carnival Co. & by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock valued at $95,697,000 after purchasing an additional 93,169 shares in the last quarter. Finally, Aviva PLC raised its stake in shares of Carnival Co. & by 25.5% in the first quarter. Aviva PLC now owns 152,741 shares of the company’s stock valued at $3,088,000 after purchasing an additional 31,037 shares in the last quarter. Institutional investors own 49.87% of the company’s stock.

Carnival Co. & Stock Performance

NYSE:CCL opened at $11.00 on Friday. Carnival Co. & plc has a twelve month low of $6.11 and a twelve month high of $14.20. The stock’s 50 day moving average price is $9.81 and its two-hundred day moving average price is $9.89. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 5.30.

Carnival Co. & (NYSE:CCL – Get Rating) last posted its quarterly earnings results on Monday, March 27th. The company reported ($0.55) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.05. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.30 billion. Carnival Co. & had a negative return on equity of 57.75% and a negative net margin of 32.68%. The business’s quarterly revenue was up 173.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.65) EPS. Analysts predict that Carnival Co. & plc will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Macquarie increased their price objective on Carnival Co. & from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 5th. Credit Suisse Group increased their target price on Carnival Co. & from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, March 27th. JPMorgan Chase & Co. started coverage on Carnival Co. & in a report on Friday, April 28th. They set a “neutral” rating and a $11.00 target price on the stock. Wells Fargo & Company upgraded Carnival Co. & from an “underweight” rating to an “equal weight” rating and set a $9.00 target price on the stock in a report on Tuesday, March 28th. Finally, Susquehanna upgraded Carnival Co. & from a “neutral” rating to a “positive” rating and set a $11.00 target price on the stock in a report on Wednesday, March 29th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.51.

About Carnival Co. &

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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.