Short Interest in Carnival Co. & plc (NYSE:CCL) Increases By 7.6%

Carnival Co. & plc (NYSE:CCL) was the target of a significant 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 trading volume of 26,410,000 shares, the short-interest ratio is currently 2.5 days.

Insider Buying and Selling at Carnival Co. &

In other 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 value of $380,100.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Carnival Co. & in the second quarter worth about $466,838,000. Geode Capital Management LLC lifted its stake in shares of Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after buying an additional 8,638,865 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after acquiring an additional 2,911,100 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCL has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Tigress Financial upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Citigroup raised their price target on shares of Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Barclays upped their price objective on shares of Carnival Co. & from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.62.

Carnival Co. & Stock Down 0.7 %

Shares of Carnival Co. & stock traded down $0.19 during trading on Tuesday, hitting $25.72. The company’s stock had a trading volume of 17,269,008 shares, compared to its average volume of 28,645,750. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $27.17. The company has a market capitalization of $29.69 billion, a PE ratio of 23.05 and a beta of 2.67. The company has a fifty day simple moving average of $23.58 and a two-hundred day simple moving average of $19.26. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last announced its 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 business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities research analysts predict that Carnival Co. & will post 1.33 earnings per share for the current year.

Carnival Co. & Company Profile

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.