Carnival Corp (NYSE:CCL) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 22,790,000 shares, an increase of 15.9% from the August 30th total of 19,670,000 shares. Based on an average daily trading volume, of 4,200,000 shares, the short-interest ratio is currently 5.4 days. Currently, 5.2% of the company’s shares are sold short.

Several equities research analysts have issued reports on the stock. Buckingham Research lowered their price objective on shares of Carnival from $52.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. They noted that the move was a valuation call. William Blair reissued a “hold” rating on shares of Carnival in a research report on Thursday, September 26th. ValuEngine raised shares of Carnival from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. TheStreet cut shares of Carnival from a “b-” rating to a “c+” rating in a research report on Friday. Finally, Macquarie set a $53.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Carnival currently has a consensus rating of “Hold” and an average target price of $52.40.

Shares of CCL traded up $0.45 during mid-day trading on Tuesday, hitting $42.49. The company’s stock had a trading volume of 2,916,047 shares, compared to its average volume of 4,172,149. The company’s 50-day moving average is $44.82 and its 200-day moving average is $48.58. Carnival has a 52-week low of $39.92 and a 52-week high of $62.52. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.97 and a beta of 1.11. The company has a current ratio of 0.30, a quick ratio of 0.25 and a debt-to-equity ratio of 0.35.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Thursday, September 26th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.10. Carnival had a net margin of 14.93% and a return on equity of 12.67%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.18 billion. As a group, sell-side analysts predict that Carnival will post 4.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.71%. Carnival’s payout ratio is 46.95%.

In other Carnival news, Director Sir Jonathon Band sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $40.83, for a total value of $204,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 24.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of CCL. Buckingham Capital Management Inc. lifted its position in Carnival by 6.3% during the first quarter. Buckingham Capital Management Inc. now owns 18,255 shares of the company’s stock valued at $926,000 after acquiring an additional 1,080 shares during the last quarter. First Trust Advisors LP lifted its position in Carnival by 8.9% during the first quarter. First Trust Advisors LP now owns 443,119 shares of the company’s stock valued at $22,475,000 after acquiring an additional 36,353 shares during the last quarter. Advisory Alpha LLC purchased a new stake in Carnival during the first quarter valued at approximately $29,000. American Century Companies Inc. lifted its position in Carnival by 8.6% during the first quarter. American Century Companies Inc. now owns 4,025,913 shares of the company’s stock valued at $204,194,000 after acquiring an additional 318,308 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in Carnival during the first quarter valued at approximately $1,326,000. 75.30% of the stock is owned by institutional investors.

Carnival Company Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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