Carnival Corp. (CCL) Short Interest Up 18.6% in August
Carnival Corp. (NYSE:CCL) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 19,952,268 shares, a growth of 18.6% from the August 15th total of 16,816,201 shares. Based on an average daily trading volume, of 3,854,653 shares, the days-to-cover ratio is currently 5.2 days.
A number of hedge funds have recently added to or reduced their stakes in CCL. Primecap Management Co. CA increased its stake in Carnival Corp. by 0.4% in the first quarter. Primecap Management Co. CA now owns 22,515,830 shares of the company’s stock valued at $1,188,160,000 after buying an additional 100,400 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Carnival Corp. by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,146,131 shares of the company’s stock valued at $536,859,000 after buying an additional 131,094 shares in the last quarter. BlackRock Fund Advisors increased its stake in Carnival Corp. by 9.1% in the second quarter. BlackRock Fund Advisors now owns 5,376,313 shares of the company’s stock valued at $237,633,000 after buying an additional 448,868 shares in the last quarter. American Century Companies Inc. increased its stake in Carnival Corp. by 21.7% in the second quarter. American Century Companies Inc. now owns 4,199,272 shares of the company’s stock valued at $185,608,000 after buying an additional 750,017 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in Carnival Corp. by 4.1% in the second quarter. BlackRock Group LTD now owns 3,866,114 shares of the company’s stock valued at $170,881,000 after buying an additional 153,338 shares in the last quarter. 77.99% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on CCL shares. Wells Fargo & Co. reiterated an “outperform” rating on shares of Carnival Corp. in a research report on Thursday, June 30th. Zacks Investment Research cut shares of Carnival Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Morgan Stanley cut their price objective on shares of Carnival Corp. from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, May 26th. Nomura restated a “buy” rating and issued a $62.00 price objective on shares of Carnival Corp. in a report on Wednesday, June 29th. Finally, Barclays PLC restated a “hold” rating and issued a $56.00 price objective (down previously from $58.00) on shares of Carnival Corp. in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. Carnival Corp. has an average rating of “Buy” and an average target price of $57.35.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/18/carnival-corp-ccl-short-interest-up-18-6-in-august.html
Shares of Carnival Corp. (NYSE:CCL) opened at 46.25 on Friday. The stock has a 50 day moving average of $46.39 and a 200-day moving average of $47.86. Carnival Corp. has a 52 week low of $40.52 and a 52 week high of $55.77. The stock has a market capitalization of $34.46 billion, a PE ratio of 15.94 and a beta of 0.84.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 28th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. Carnival Corp. had a net margin of 14.00% and a return on equity of 10.37%. The firm had revenue of $3.70 billion for the quarter. During the same period in the previous year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts expect that Carnival Corp. will post $8.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Wednesday, August 24th. Carnival Corp.’s payout ratio is currently 48.44%.
Carnival Corp. Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.
Receive News & Ratings for Carnival Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Carnival Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.