Carnival Co. & plc (NYSE:CCL) Sees Large Drop in Short Interest

Carnival Co. & plc (NYSE:CCL - Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 62,930,000 shares, a decrease of 6.0% from the October 15th total of 66,960,000 shares. Based on an average daily trading volume, of 27,350,000 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CCL shares. Barclays raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Citigroup boosted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Finally, Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.78.

Carnival Co. & Trading Up 0.8 %

Shares of Carnival Co. & stock traded up $0.20 during trading on Monday, hitting $24.51. 23,519,898 shares of the company were exchanged, compared to its average volume of 29,541,768. The firm has a market capitalization of $28.29 billion, a P/E ratio of 21.71 and a beta of 2.66. The firm's fifty day moving average price is $20.31 and its 200 day moving average price is $17.68. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $24.99.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.82 billion. During the same period last year, the firm posted $0.86 earnings per share. The business's quarterly revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Transactions at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares of the company's stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.00% of the company's stock.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently modified their holdings of CCL. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Carnival Co. & in the second quarter valued at approximately $466,838,000. Marshall Wace LLP lifted its stake in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the period. Mizuho Securities USA LLC increased its position in Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the period. Renaissance Technologies LLC raised its holdings in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock valued at $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

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.