Investors Buy High Volume of Carnival Co. & Call Options (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) was the target of unusually large options trading on Monday. Traders purchased 97,626 call options on the stock. This represents an increase of 12% compared to the typical daily volume of 87,014 call options.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley raised 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. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Barclays raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday. Mizuho raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Truist Financial raised their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.84.

Carnival Co. & Trading Down 2.5 %

CCL opened at $18.02 on Wednesday. The stock has a market cap of $20.23 billion, a PE ratio of 27.72 and a beta of 2.68. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The business has a 50 day moving average of $16.57 and a 200-day moving average of $16.25. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74.

Carnival Co. & (NYSE:CCL) last released its 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. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Equities research analysts predict that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in Carnival Co. & during the second quarter valued at $624,000. New Century Financial Group LLC raised its stake in Carnival Co. & by 9.0% during the second quarter. New Century Financial Group LLC now owns 71,782 shares of the company’s stock valued at $1,344,000 after buying an additional 5,930 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Carnival Co. & in the second quarter worth $1,026,000. Hershey Financial Advisers LLC purchased a new position in shares of Carnival Co. & in the second quarter worth $1,814,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Carnival Co. & by 14.5% in the second quarter. EP Wealth Advisors LLC now owns 16,603 shares of the company’s stock worth $311,000 after purchasing an additional 2,106 shares during the last quarter. Hedge funds and other institutional investors 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.