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

Carnival Co. & plc (NYSE:CCL) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 66,940,000 shares, an increase 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 presently 2.5 days.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the firm’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 directly owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently made changes to their positions in CCL. State Street Corp raised its position in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Carnival Co. & during the second quarter valued at approximately $466,838,000. Geode Capital Management LLC raised its stake in shares of Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after acquiring an additional 811,692 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 purchasing an additional 2,911,100 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CCL shares. The Goldman Sachs Group increased their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Morgan Stanley upped their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Truist Financial lifted their price target on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, Citigroup increased their price objective on Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $26.62.

Carnival Co. & Stock Performance

NYSE:CCL traded down $0.20 during trading hours on Tuesday, reaching $25.71. The stock had a trading volume of 17,324,410 shares, compared to its average volume of 28,645,969. The stock has a market cap of $29.67 billion, a P/E ratio of 22.96 and a beta of 2.67. The stock has a 50 day simple moving average of $23.58 and a 200 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. & has a 12-month low of $13.78 and a 12-month high of $27.17.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. On average, research analysts forecast that Carnival Co. & will post 1.33 EPS for the current fiscal 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.