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

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

Carnival Co. & Price Performance

CCL stock traded down $0.20 on Tuesday, hitting $25.71. 17,324,410 shares of the company’s stock traded hands, compared to its average volume of 28,645,969. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $27.17. The stock has a market cap of $29.67 billion, a price-to-earnings ratio of 22.96 and a beta of 2.67. The stock has a fifty day moving average of $23.58 and a 200-day moving average of $19.26. 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. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts forecast that Carnival Co. & will post 1.33 EPS for the current fiscal year.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC purchased a new stake in shares of Carnival Co. & in the 2nd quarter valued at approximately $37,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Carnival Co. & in the 2nd quarter valued at approximately $264,000. Swedbank AB lifted its position in shares of Carnival Co. & by 70.1% in the 2nd quarter. Swedbank AB now owns 237,098 shares of the company’s stock valued at $4,438,000 after acquiring an additional 97,715 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Carnival Co. & by 4.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,462,283 shares of the company’s stock valued at $46,094,000 after acquiring an additional 95,178 shares in the last quarter. Finally, TCW Group Inc. lifted its position in shares of Carnival Co. & by 9.4% in the 2nd quarter. TCW Group Inc. now owns 13,998 shares of the company’s stock valued at $262,000 after acquiring an additional 1,197 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CCL. The Goldman Sachs Group boosted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Bank of America boosted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Macquarie boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.62.

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.