Carnival Co. & plc (NYSE:CCL – Get Free Report) 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.
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.
Get Our Latest Stock Analysis on CCL
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.
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