Carnival Co. & plc (NYSE:CCL) Sees Significant Decline in Short Interest

Carnival Co. & plc (NYSE:CCL) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 98,320,000 shares, a decrease of 10.1% from the May 31st total of 109,410,000 shares. Based on an average daily trading volume, of 32,410,000 shares, the short-interest ratio is currently 3.0 days.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds have recently made changes to their positions in CCL. Point72 Asset Management L.P. grew its stake in shares of Carnival Co. & by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after acquiring an additional 2,638,564 shares in the last quarter. Norges Bank acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $40,236,000. Goldentree Asset Management LP acquired a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $31,917,000. International Assets Investment Management LLC boosted its holdings in shares of Carnival Co. & by 1,589.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after buying an additional 1,683,434 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Carnival Co. & in the 1st quarter valued at approximately $27,302,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Down 0.6 %

NYSE CCL traded down $0.11 during trading hours on Wednesday, reaching $17.45. 14,088,306 shares of the company’s stock were exchanged, compared to its average volume of 31,375,039. The company’s 50-day moving average is $15.77 and its two-hundred day moving average is $16.10. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 26.92 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned ($0.31) EPS. On average, analysts forecast that Carnival Co. & will post 1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Stifel Nicolaus cut their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Barclays upped their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group started coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They set a “buy” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.83.

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.