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

Carnival Co. & plc (NYSE:CCL – Get Rating ) saw a large drop in short interest in the month of July. As of July 31st, there was short interest in 102,520,000 shares, a decrease of 25.2% from the July 15th total of 137,070,000 shares. Currently, 10.8% of the shares of the stock are sold short. Based on an average daily trading volume of 53,560,000 shares, the ratio of short interest is currently 1.9 days.

Analyst upgrades and downgrades

CCL has been the subject of a number of research reports. Truist Financial decreased their target price on shares of Carnival Co. and from $15.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, July 22nd. HSBC dropped their target price on Carnival Co. and from $18.20 to $7.70 and set a “reduce” rating for the company in a report on Tuesday, June 14th. StockNews.com upgraded Carnival Co . & to a “sell” rating in a report on Thursday. Wells Fargo & Company decreased their price target on Carnival Co. and from $21.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, June 27th. Finally, Morgan Stanley decreased their target price on Carnival Co. and from $13.00 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 29th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.98, according to data from MarketBeat.

Insider Buying and Selling

In other Carnival Co. news, Director Randall J. Weisenburger acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were bought at an average price of $11.76 per share, with a total value of $1,176,000.00. Following the completion of the purchase, the director now directly owns 870,950 shares in the company, valued at $10,242,372. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is accessible through this hyperlink. 12.50% of the shares are currently owned by insiders.

Hedge funds weigh in on Carnival Co. &

Institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in shares of Carnival Co. & by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 51,000 shares of the company’s stock valued at $1,001,000 after buying an additional 600 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in Carnival Co. and by 1.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 60,128 shares of the company’s stock worth $1,216,000 after purchasing an additional 682 shares in the last quarter. Lincoln National Corp raised its holdings in Carnival Co. and by 3.8% in the first quarter. Lincoln National Corp now owns 18,551 shares of the company’s stock valued at $375,000 after purchasing an additional 684 shares during the period. We Are One Seven LLC increased its position in shares of Carnival Co. & by 4.8% in the fourth quarter. We Are One Seven LLC now owns 15,645 shares of the company’s stock worth $315,000 after purchasing an additional 710 shares in the last quarter. Finally, Nwam LLC raised its stake in shares of Carnival Co. and by 7.3% during the first quarter. Nwam LLC now owns 11,056 shares of the company’s stock valued at $224,000 after buying an additional 751 shares during the period. 65.38% of the shares are owned by hedge funds and other institutional investors.

Carnival Co. & Performance Stock

Shares of CCL stock traded up $0.18 during trading hours on Friday, reaching $10.72. The company’s stock had a trading volume of 39,632,884 shares, compared to its average volume of 62,740,404. The stock has a market cap of $10.66 billion, a PE ratio of -1.33 and a beta of 2.08. Carnival Co. & has a 12-month low of $8.10 and a 12-month high of $27.39. The company has a 50-day moving average of $9.81 and a 200-day moving average of $15.26. The company has a current ratio of 0.64, a quick ratio of 0.61, and a debt-to-equity ratio of 3.54.

Carnival Co. & (NYSE:CCL – Get Rating ) last posted its quarterly earnings results on Friday, June 24th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.14) by ($0.50). The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Carnival Co. & had a negative net margin of 156.75% and a negative return on equity of 67.51%. During the same period a year ago, the company posted ($1.80) earnings per share. On average, sell-side analysts predict that Carnival Co. & will post -3.75 EPS for the current fiscal year.

Carnival Co. & Company Profile

(Get rating)

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard brand names. The company also offers port destinations and other services, and owns and operates hotels, lodges, glass dome railways and buses.

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