Investors Buy High Volume of Carnival Co. & Call Options (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) saw unusually large options trading on Monday. Stock investors bought 97,626 call options on the stock. This is an increase of approximately 12% compared to the typical volume of 87,014 call options.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Carnival Co. & by 8.0% in the 4th quarter. US Bancorp DE now owns 37,750 shares of the company’s stock worth $700,000 after purchasing an additional 2,804 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Carnival Co. & by 53.3% in the 4th quarter. Advisory Services Network LLC now owns 15,628 shares of the company’s stock worth $290,000 after purchasing an additional 5,432 shares during the period. TD Asset Management Inc boosted its holdings in shares of Carnival Co. & by 39.7% in the 4th quarter. TD Asset Management Inc now owns 359,023 shares of the company’s stock worth $6,656,000 after purchasing an additional 102,006 shares during the period. Focus Financial Network Inc. ADV purchased a new position in shares of Carnival Co. & in the 4th quarter worth approximately $353,000. Finally, Tradition Wealth Management LLC boosted its holdings in shares of Carnival Co. & by 617.2% in the 4th quarter. Tradition Wealth Management LLC now owns 2,331 shares of the company’s stock worth $43,000 after purchasing an additional 2,006 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

NYSE:CCL opened at $18.02 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The company has a market capitalization of $20.23 billion, a P/E ratio of 27.72 and a beta of 2.68. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The business’s 50-day moving average is $16.57 and its 200 day moving average is $16.25.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. On average, equities research analysts forecast that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CCL. Truist Financial lifted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Argus boosted their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Susquehanna reissued a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a report on Wednesday, June 26th. Bank of America boosted their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Finally, Morgan Stanley boosted their price target on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.84.

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.