Carnival Co. & plc (NYSE:CCL – Get Rating ) saw some unusual options trading on Tuesday. Investors bought 241,174 put options on the company. This represents an 82% increase over the typical volume of 132,736 put options.
Changes in analysts’ estimates
CCL has been the subject of a number of research reports. Citigroup lowered their price target on Carnival Co. and from $22.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. Morgan Stanley reduced their price target on Carnival Co. and from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Tuesday. Peel Hunt lowered Carnival Co. & to a “buy” rating in report on Tuesday, June 28. Susquehanna Bancshares decreased their price objective on Carnival Co. and from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Monday. Finally, Wells Fargo & Company lowered their price objective on Carnival Co. to a “hold” rating. and from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.38.
Carnival Co. Institutional Trading. &
Large investors have recently made changes to their positions in the company. Private Capital Group LLC lifted its position in Carnival Co. & by 130.0% in the first quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock valued at $31,000 after purchasing an additional 859 shares in the last quarter. Sierra Capital LLC raised its position in Carnival Co. and by 1,304.3% in the first quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock valued at $33,000 after purchasing an additional 1,500 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Carnival Co. and by 150.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,876 shares of the company’s stock valued at $38,000 after buying an additional 1,126 shares in the last quarter. City Holding Co. bought a new position in Carnival Co. and in the 4th quarter worth about $41,000. Finally, TCI Wealth Advisors Inc. raised her position at Carnival Co. and by 67.7% in the first quarter. TCI Wealth Advisors Inc. now owns 2,070 shares of the company’s stock valued at $42,000 after purchasing an additional 836 shares in the last quarter. 50.56% of the shares are currently owned by institutional investors and hedge funds.
Carnival Co. & Stock Increase 12.6%
Shares of CCL traded up $0.86 during trading hours on Tuesday, reaching $7.71. The stock had a trading volume of 4,318,549 shares, compared to its average volume of 57,980,972. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.65, and a quick ratio of 0.62. The firm has a 50-day simple moving average of $9.74 and a 200-day simple moving average of $12.60. The firm has a market cap of $7.67 billion, a P/E ratio of -1.21 and a beta of 2.06. Carnival Co. & has a 1 year low of $6.58 and a 1 year high of $26.42.
About Carnival Co. &
(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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