Some Traders See Unusual Bullish Options Activity in Carnival Corp

 Some Traders See Unusual Bullish Options Activity in Carnival Corp

In today’s session Carnival Corp (CCL) registered an unusually high (336) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CCL increase. With 336 contracts traded and 68534 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CCL170120C00050000 closed last at: $1.95 or 21.9% up. About 917,139 shares traded hands. Carnival Corp (NYSE:CCL) has declined 3.48% since April 8, 2016 and is downtrending. It has underperformed by 9.13% 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 14.11% above today’s ($49.74) stock price. Carnival Corporation has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, September 9 by Bernstein. Goldman Sachs maintained the shares of CCL in a report on Wednesday, June 29 with “Neutral” rating. The firm earned “Buy” rating on Thursday, March 31 by SunTrust. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, June 7 report. Nomura upgraded Carnival Corp (NYSE:CCL) rating on Wednesday, September 23. Nomura has “Buy” rating and $62 price target. Buckingham Research maintained the stock with “Buy” rating in Wednesday, November 4 report. Zacks downgraded the shares of CCL in a report on Monday, August 10 to “Buy” rating. The firm has “Buy” rating by Citigroup given on Monday, October 5. The firm has “Buy” rating by HSBC given on Monday, October 3. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, September 23.

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.
Atlantic Trust Group Ltd Liability Co, a Georgia-based fund reported 12,780 shares. Alpha Windward Ltd Limited Liability Company, a Massachusetts-based fund reported 885 shares. Shell Asset Mgmt has 0.04% invested in the company for 36,454 shares. Ramsay Stattman Vela Price Incorporated last reported 13,100 shares in the company. Peak6 Invests Limited Partnership holds 0.07% or 213,058 shares in its portfolio. Invesco Limited holds 0.41% or 25.02 million shares in its portfolio. Rfg Advisory Grp Inc Limited Com has 0.49% invested in the company for 12,735 shares. New Jersey Better Educational Savings owns 13,000 shares or 0.39% of their US portfolio. Moreover, International Investors has 0.76% invested in Carnival Corp (NYSE:CCL) for 11.80 million shares. Herndon Limited Liability accumulated 0% or 40 shares. The Kansas-based Creative Planning has invested 0% in Carnival Corp (NYSE:CCL). Hs Mgmt Ltd Liability Company accumulated 4.43% or 2.40M shares. Td Cap Management Limited Liability Co accumulated 0% or 222 shares. Quantbot Ltd Partnership has invested 0.41% of its portfolio in Carnival Corp (NYSE:CCL). The Wisconsin-based Johnson Financial Group has invested 0.4% in Carnival Corp (NYSE:CCL).

Insider Transactions: Since October 3, 2016, the stock had 0 insider buys, and 2 insider sales for $4.48 million net activity. Bernstein David had sold 4,030 shares worth $198,213 on Monday, October 3. The insider DONALD ARNOLD W sold $4.29M.

Carnival Corporation is a leisure travel company. The company has a market cap of $35.76 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 15.24 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 recent Carnival Corp (NYSE:CCL) news were published by: Latimes.com which released: “Carnival Corp. to screen cruise passengers through Interpol” on November 08, 2016. Also Streetinsider.com published the news titled: “Carnival Corp. (CCL) Plans Expansion of Fathom Brand” on November 02, 2016. Streetinsider.com‘s news article titled: “S&P Upgrades Carnival Corp. (CCL) to ‘A-‘; Outlook Stable” with publication date: October 13, 2016 was also an interesting one.

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