What Next for Carnival Corp Stock After Today’s Bearish Options Activity?

 What Next for Carnival Corp Stock After Today's Bearish Options Activity?

In today’s session Carnival Corp (CCL) recorded an unusually high (316) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CCL decrease. With 316 contracts traded and 24394 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CCL170120P00050000 closed last at: $3.4 or 2.9% down. About 1.68M shares traded hands. Carnival Corp (NYSE:CCL) has risen 2.14% since March 2, 2016 and is uptrending. It has underperformed by 6.12% the S&P500.

Carnival Corp (NYSE:CCL) Ratings Coverage

Out of 20 analysts covering Carnival Corporation (NYSE:CCL), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. $64 is the highest target while $48 is the lowest. The $56.76 average target is 16.62% above today’s ($48.67) stock price. Carnival Corporation has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Wednesday, September 23, the company rating was maintained by Stifel Nicolaus. The firm earned “Peer Perform” rating on Wednesday, November 18 by Wolfe Research. The firm has “Equal Weight” rating given on Thursday, September 24 by Barclays Capital. As per Monday, December 21, the company rating was maintained by Stifel Nicolaus. The firm has “Neutral” rating given on Thursday, March 31 by JP Morgan. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, March 31 report. The stock of Carnival Corp (NYSE:CCL) has “Buy” rating given on Thursday, March 31 by SunTrust. Deutsche Bank maintained the stock with “Buy” rating in Thursday, September 24 report. Macquarie Research initiated the shares of CCL in a report on Tuesday, October 4 with “Neutral” rating. Numis Securities maintained the stock with “Add” rating in Wednesday, September 23 report.

According to Zacks Investment Research, “Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.08, from 1.03 in 2016Q1. The ratio worsened, as 55 funds sold all Carnival Corp shares owned while 199 reduced positions. 53 funds bought stakes while 188 increased positions. They now own 409.94 million shares or 6.26% less from 437.31 million shares in 2016Q1.
Millennium Mgmt Lc holds 0% or 6,791 shares in its portfolio. Numeric Investors Limited Liability holds 1.05M shares or 0.41% of its portfolio. Deltec Asset Management Limited Co last reported 0.54% of its portfolio in the stock. The New York-based Sib Limited Com has invested 2.09% in Carnival Corp (NYSE:CCL). Beck Capital Lc holds 0.31% or 11,035 shares in its portfolio. Parametrica Mngmt Ltd holds 0.5% of its portfolio in Carnival Corp (NYSE:CCL) for 7,491 shares. Hl Finance Services has 0.01% invested in the company for 7,856 shares. The Washington-based Palouse Mgmt has invested 1.26% in Carnival Corp (NYSE:CCL). Suntrust Banks accumulated 38.54 million shares or 10.43% of the stock. Prudential Public Ltd has 0.04% invested in the company for 245,825 shares. The New York-based Richard Bernstein Advisors Limited Company has invested 0.29% in Carnival Corp (NYSE:CCL). Gulf Fincl Bank (Uk) Limited holds 123,631 shares or 0.09% of its portfolio. New York State Common Retirement Fund accumulated 1.15 million shares or 0.07% of the stock. Livforsakringsbolaget Skandia Omsesidigt has 52,309 shares for 0.1% of their US portfolio. Kessler Invest Gp Limited Liability holds 0.01% of its portfolio in Carnival Corp (NYSE:CCL) for 200 shares.

Carnival Corporation is a leisure travel company. The company has a market cap of $35.54 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 14.91 P/E ratio. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia divisions.

CCL Company Profile

Carnival Corporation, incorporated on November 21, 1974, is a leisure travel company. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. The Firm aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) divisions. The North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn cruise brands. The EAA segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), P&O Cruises (Australia) and Cunard cruise brands. The Company’s Cruise Support segment includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. The Cruise Support segment also includes other services that are provided for the benefit of all its cruise brands. The Tour and Other segment includes Holland America Princess Alaska Tours, a tour firm in Alaska and the Canadian Yukon, and approximately three cruise ships, the former Costa Celebration, Costa Europa and Grand Holiday, which it owns and charters-out under long-term leases. The Company’s tour firm owns and operates approximately 10 hotels or lodges, over 300 motorcoaches and approximately 20 glass-domed railcars.

More notable recent Carnival Corp (NYSE:CCL) news were published by: Nasdaq.com which released: “Earnings Reaction History: Carnival Corp., 30.0% Follow-Through Indicator, 2.7 …” on December 05, 2013, also Prnewswire.com with their article: “Carnival Corporation Signs Agreement with Shell to Fuel World’s First LNG …” published on October 03, 2016, Sun-Sentinel.com published: “Carnival Corp. posts $1.4 billion profit in third quarter” on September 26, 2016. More interesting news about Carnival Corp (NYSE:CCL) were released by: Marketwatch.com and their article: “Carnival Corp.’s Chinese joint venture orders first cruise ships built in China” published on September 23, 2016 as well as Sun-Sentinel.com‘s news article titled: “Carnival Corp. donates $2 million to new African-American museum in DC” with publication date: September 28, 2016.

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