Is Buying Carnival Corp Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Carnival Corp Here a Winning Strategy? Option Traders Like The Stock

In today’s session Carnival Corp (CCL) registered an unusually high (554) 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 554 contracts traded and 49094 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CCL170120C00052500 closed last at: $1.5 or 11.1% up. About 307,928 shares traded hands. Carnival Corp (NYSE:CCL) has risen 2.44% since April 20, 2016 and is uptrending. It has underperformed by 2.12% 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. Carnival Corporation has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, January 4 by Deutsche Bank. The rating was maintained by Citigroup on Monday, October 5 with “Buy”. Nomura upgraded it to “Buy” rating and $62 target price in Wednesday, September 23 report. The firm earned “Neutral” rating on Wednesday, June 29 by Goldman Sachs. The rating was initiated by Sterne Agee CRT with “Buy” on Tuesday, June 7. On Thursday, September 24 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Add” rating given by Numis Securities on Wednesday, September 23. The firm earned “Equal-Weight” rating on Thursday, May 26 by Morgan Stanley. The company was maintained on Thursday, September 24 by Barclays Capital. The company was maintained on Wednesday, November 4 by Buckingham Research.

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 0.9 in 2016 Q2. Its down 0.05, from 0.95 in 2016Q1. The ratio turned negative, 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.
Sprucegrove Management Limited accumulated 1.04% or 570,548 shares. State Of Alaska Department Of Revenue holds 0.07% or 15,070 shares in its portfolio. Advsrs Cap Management Limited Company has 0.87% invested in the company for 192,326 shares. Moreover, Nomura Asset Mgmt Limited has 0.04% invested in Carnival Corp (NYSE:CCL) for 52,731 shares. Capital Int holds 0.76% or 11.80 million shares in its portfolio. Bessemer Grp Inc owns 41,996 shares or 0.01% of their US portfolio. Deltec Asset Ltd Llc holds 0.54% or 49,000 shares in its portfolio. Rothschild Investment Il, a Illinois-based fund reported 11,472 shares. Paragon Cap Limited has invested 0.17% of its portfolio in Carnival Corp (NYSE:CCL). Smith Asset Mgmt Gp L P accumulated 0% or 3,538 shares. Metropolitan Life Ins Ny has 0.08% invested in the company for 227,713 shares. Cornerstone Cap Mgmt Limited Liability accumulated 0.12% or 342,168 shares. Mirae Asset Glob Invs Commerce, a Korea-based fund reported 10,266 shares. Hutchinson Capital Mgmt Ca has 5.1% invested in the company for 380,397 shares. New Jersey Better Educational Savings Tru last reported 13,000 shares in the company.

Insider Transactions: Since October 3, 2016, the stock had 0 buys, and 2 sales for $4.48 million net activity. Bernstein David also sold $198,213 worth of Carnival Corp (NYSE:CCL) on Monday, October 3. The insider DONALD ARNOLD W sold $4.29 million.

Carnival Corporation is a leisure travel company. The company has a market cap of $37.04 billion. The Firm is a cruise firm and provides vacations to cruise destinations throughout the world. It has a 15.64 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: Miamiherald.com which released: “Carnival Corp.’s Arnold Donald appointed chair of Cruise Lines International …” on November 14, 2016. Also Latimes.com published the news titled: “Carnival Corp. to screen cruise passengers through Interpol” on November 08, 2016. Prnewswire.com‘s news article titled: “Carnival Corporation to Expand the Fathom Experience to Additional Company …” with publication date: November 02, 2016 was also an interesting one.

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