Short Interest in Carnival Co. & plc (NYSE:CCL) Drops By 6.1%

Carnival Co. & plc (NYSE:CCL) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 82,400,000 shares, a decrease of 6.1% from the July 15th total of 87,740,000 shares. Based on an average daily volume of 30,260,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently modified their holdings of CCL. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Carnival Co. & in the second quarter worth $466,838,000. Marshall Wace LLP increased its stake in Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after buying an additional 8,638,865 shares during the period. Renaissance Technologies LLC lifted its holdings in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after buying an additional 2,911,100 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after buying an additional 2,638,564 shares during the period. Finally, Norges Bank bought a new position in Carnival Co. & in the 4th quarter worth about $40,236,000. 67.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCL. Argus lifted their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. upped their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Susquehanna reissued a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft upped their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Finally, UBS Group boosted their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Carnival Co. & Price Performance

NYSE:CCL opened at $15.31 on Wednesday. The firm has a market capitalization of $17.18 billion, a price-to-earnings ratio of 23.55 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The business has a 50 day simple moving average of $16.76 and a 200-day simple moving average of $15.92. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the previous year, the company earned ($0.31) EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts forecast that Carnival Co. & will post 1.18 EPS 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.