In today’s session Carnival Corp (CCL) registered an unusually high (227) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CCL increase. With 227 contracts traded and 4944 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CCL161118C00046000 closed last at: $1.4 or 22.2% down. About 1.28M shares traded hands. Carnival Corp (NYSE:CCL) has declined 2.40% since March 29, 2016 and is downtrending. It has underperformed by 5.87% 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 16.00% above today’s ($48.93) stock price. Carnival Corporation has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Thursday, May 26 by Morgan Stanley. HSBC initiated Carnival Corp (NYSE:CCL) rating on Monday, October 3. HSBC has “Buy” rating and $60 price target. The rating was downgraded by Morgan Stanley on Friday, September 2 to “Underweight”. The company was maintained on Tuesday, March 29 by Goldman Sachs. Goldman Sachs maintained it with “Neutral” rating and $52 target price in Wednesday, June 29 report. Stifel Nicolaus maintained Carnival Corp (NYSE:CCL) rating on Wednesday, September 23. Stifel Nicolaus has “Buy” rating and $61 price target. Deutsche Bank initiated Carnival Corp (NYSE:CCL) on Thursday, September 29 with “Hold” rating. On Wednesday, September 23 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Buy” rating on Monday, August 10 by Zacks. As per Thursday, March 31, the company rating was maintained by Barclays Capital.
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 2016 Q2. Its down 0.08, from 1.03 in 2016Q1. The ratio dropped, 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.
State Of New Jersey Common Pension Fund D has invested 0.18% of its portfolio in Carnival Corp (NYSE:CCL). Centurylink Investment Mngmt Company holds 22,006 shares or 0.35% of its portfolio. Cibc Markets Inc holds 0% or 8,680 shares in its portfolio. The Illinois-based Nuveen Asset Mngmt has invested 0.02% in Carnival Corp (NYSE:CCL). Moreover, Hutchinson Capital Mngmt Ca has 5.1% invested in Carnival Corp (NYSE:CCL) for 380,397 shares. The Alabama-based Hayek Kallen Invest Management has invested 0.32% in Carnival Corp (NYSE:CCL). Alpha Windward Ltd Limited Liability Company reported 885 shares or 0.03% of all its holdings. Virginia Retirement Et Al holds 189,600 shares or 0.12% of its portfolio. Moreover, Numeric Lc has 0.41% invested in Carnival Corp (NYSE:CCL) for 1.05 million shares. Moreover, Us Bank & Trust De has 0.03% invested in Carnival Corp (NYSE:CCL) for 189,698 shares. Winslow Evans & Crocker has 0% invested in the company for 160 shares. Moreover, Herndon Mgmt Llc has 0% invested in Carnival Corp (NYSE:CCL) for 40 shares. Utd Capital Financial Advisers Ltd Llc has 0.02% invested in the company for 39,550 shares. Eqis Capital Mngmt Inc last reported 0.05% of its portfolio in the stock. Allianz Asset Ag reported 696,954 shares or 0.02% of all its holdings.
Insider Transactions: Since October 3, 2016, the stock had 0 insider purchases, and 2 insider sales for $4.48 million net activity. Bernstein David also sold $198,213 worth of Carnival Corp (NYSE:CCL) shares. The insider DONALD ARNOLD W sold $4.29M.
Carnival Corporation is a leisure travel company. The company has a market cap of $36.83 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 14.99 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 news for Carnival Corp (NYSE:CCL) were recently published by: Streetinsider.com, which released: “Carnival Corp. (CCL), Shell (RDS-A) Ink Deal for Firs LNG-Powered Cruise Ships” on October 03, 2016. Streetinsider.com‘s article titled: “S&P Upgrades Carnival Corp. (CCL) to ‘A-‘; Outlook Stable” and published on October 13, 2016 is yet another important article.
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