Short Interest in Carnival Co. & plc (NYSE:CCL) Decreases By 6.0%

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

Wall Street Analyst Weigh In

CCL has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Macquarie boosted their price objective 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. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Morgan Stanley boosted their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.78.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $24.31 on Monday. 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 firm has a 50-day moving average of $20.31 and a 200-day moving average of $17.68. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $24.99. The stock has a market cap of $28.06 billion, a PE ratio of 21.71 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) 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 quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Carnival Co. & will post 1.33 EPS for the current year.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in shares of 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 in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in Carnival Co. & during the third quarter worth about $1,140,000. Commonwealth Equity Services LLC grew its stake in Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after buying an additional 39,491 shares in the last quarter. DekaBank Deutsche Girozentrale increased 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 buying an additional 103,501 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after buying an additional 24,198 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.