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

Carnival Co. & plc (NYSE:CCL) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 66,940,000 shares, an increase of 7.6% from the November 15th total of 62,200,000 shares. Based on an average trading volume of 26,410,000 shares, the days-to-cover ratio is currently 2.5 days.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is owned by insiders.

Institutional Trading of Carnival Co. &

Hedge funds have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Carnival Co. & during the 2nd quarter worth about $466,838,000. Marshall Wace LLP lifted its holdings in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after acquiring an additional 6,566,120 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after acquiring an additional 2,911,100 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after acquiring an additional 2,889,785 shares during the period. 67.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCL. Tigress Financial upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Macquarie increased their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group increased their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup increased their price target on shares of Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $26.62.

Carnival Co. & Stock Performance

Carnival Co. & stock traded down $0.20 during mid-day trading on Tuesday, reaching $25.71. The company had a trading volume of 17,324,410 shares, compared to its average volume of 28,645,969. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $27.17. The company has a 50 day moving average of $23.58 and a 200-day moving average of $19.26. The firm has a market cap of $29.67 billion, a price-to-earnings ratio of 22.96 and a beta of 2.67.

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

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.