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

Carnival Co. & plc (NYSE:CCL) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 109,410,000 shares, a growth of 5.3% from the May 15th total of 103,860,000 shares. Based on an average daily volume of 30,120,000 shares, the short-interest ratio is presently 3.6 days.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently bought and sold shares of CCL. Friedenthal Financial bought a new stake in shares of Carnival Co. & during the 4th quarter worth $28,000. Richardson Capital Management LLC purchased a new position in shares of Carnival Co. & in the 1st quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at about $31,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares in the last quarter. Finally, BNP Paribas bought a new stake in Carnival Co. & in the 1st quarter worth approximately $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Up 1.7 %

CCL opened at $15.95 on Thursday. The firm has a market capitalization of $17.90 billion, a P/E ratio of 61.35 and a beta of 2.57. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74. The company has a fifty day moving average price of $15.19 and a 200-day moving average price of $16.13. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the business earned ($0.55) earnings per share. The firm’s revenue was up 22.0% on a year-over-year basis. Equities research analysts expect that Carnival Co. & will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the topic of several research reports. Mizuho assumed coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Macquarie lifted their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Wells Fargo & Company increased their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. UBS Group raised their target price on Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Argus dropped their price target on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.61.

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.