Carnival Co. & plc (NYSE:CCL) Short Interest Down 6.0% in October

Carnival Co. & plc (NYSE:CCL) was the recipient of a large 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 days-to-cover ratio is presently 2.3 days.

Carnival Co. & Stock Performance

NYSE:CCL opened at $24.31 on Monday. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $24.99. 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’s fifty day moving average is $20.31 and its 200-day moving average is $17.68. The firm has a market cap of $28.06 billion, a P/E ratio of 21.71 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 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 business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities analysts expect that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business’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 completion of the transaction, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Several institutional investors have recently added to or reduced their stakes in the business. Encompass Wealth Advisors LLC increased its stake in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after acquiring an additional 451 shares in the last quarter. Metis Global Partners LLC increased its stake in Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after purchasing an additional 621 shares in the last quarter. Continuum Advisory LLC increased its stake in Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after purchasing an additional 630 shares in the last quarter. PFG Investments LLC raised its holdings in shares of Carnival Co. & by 2.8% during the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after purchasing an additional 641 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the subject of a number of research analyst reports. Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Truist Financial increased their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus boosted their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Mizuho increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. 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 report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.