Carnival Co. & Sees Unusually High Options Volume (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) saw some unusual options trading activity on Monday. Stock investors purchased 118,687 call options on the company. This is an increase of approximately 31% compared to the typical volume of 90,692 call options.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors have recently added to or reduced their stakes in CCL. Sunbelt Securities Inc. boosted its stake in Carnival Co. & by 4.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock valued at $209,000 after buying an additional 601 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Carnival Co. & by 10.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock valued at $136,000 after purchasing an additional 689 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Carnival Co. & by 7.5% in the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in 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 purchasing an additional 739 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Truist Financial dropped their price objective on Carnival Co. & from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, May 29th. Tigress Financial lifted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. 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 target price for the company. Finally, Susquehanna reduced their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.61.

Carnival Co. & Stock Up 2.0 %

Shares of CCL opened at $16.40 on Tuesday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The company has a 50-day simple moving average of $15.30 and a 200-day simple moving average of $16.10. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74. The firm has a market capitalization of $18.40 billion, a P/E ratio of 63.06 and a beta of 2.57.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating 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 firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the firm posted ($0.55) EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts expect that Carnival Co. & will post 1.01 earnings per share for the current year.

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.