Traders Purchase Large Volume of Carnival Co. & Put Options (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) was the target of unusually large options trading activity on Tuesday. Traders bought 81,205 put options on the stock. This represents an increase of approximately 39% compared to the typical volume of 58,614 put options.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hartford Investment Management Co. boosted its stake in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after acquiring an additional 387 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after acquiring an additional 408 shares during the period. Encompass Wealth Advisors LLC raised its holdings in Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after acquiring an additional 451 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in shares of Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after purchasing an additional 468 shares during the period. Finally, Sound View Wealth Advisors Group LLC boosted its holdings in shares of Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after purchasing an additional 475 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $21.87 on Wednesday. The company’s fifty day moving average is $25.32 and its two-hundred day moving average is $22.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market capitalization of $25.46 billion, a P/E ratio of 15.73, a PEG ratio of 0.73 and a beta of 2.64. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. Analysts forecast that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of analyst reports. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Citigroup increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group boosted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Barclays boosted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.