Carnival Co. & plc (NYSE:CCL) Sees Large Drop in Short Interest

Carnival Co. & plc (NYSE:CCL) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 62,930,000 shares, a decrease of 6.0% from the October 15th total of 66,960,000 shares. Based on an average trading volume of 27,350,000 shares, the short-interest ratio is presently 2.3 days.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in Carnival Co. & by 29.4% during the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after purchasing an additional 3,741 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after acquiring an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Carnival Co. & in the 3rd quarter valued at $1,140,000. Commonwealth Equity Services LLC raised its holdings in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after acquiring an additional 103,501 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $25.13 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $25.22. The stock has a 50 day moving average of $20.66 and a 200-day moving average of $17.82. The company has a market capitalization of $29.00 billion, a P/E ratio of 22.44 and a beta of 2.66.

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

Analyst Ratings Changes

A number of research firms have recently commented on CCL. Macquarie raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Stifel Nicolaus raised their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Finally, Tigress Financial lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.78.

About Carnival Co. &

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.