Carnival Corporation (NYSE:CUK) Short Interest Update

Carnival Corporation (NYSE:CUK) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,344,571 shares, an increase of 49.6% from the February 26th total of 898,715 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 3,733,058 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Carnival

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in Carnival by 1,202.6% during the first quarter. Royal Bank of Canada now owns 79,305 shares of the company’s stock valued at $1,391,000 after buying an additional 73,217 shares during the period. Jane Street Group LLC increased its stake in Carnival by 69.2% in the 1st quarter. Jane Street Group LLC now owns 46,021 shares of the company’s stock worth $807,000 after acquiring an additional 18,826 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Carnival by 9.3% in the 2nd quarter. American Century Companies Inc. now owns 114,947 shares of the company’s stock valued at $2,932,000 after acquiring an additional 9,818 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Carnival in the 2nd quarter valued at about $1,198,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Carnival by 188.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock valued at $28,000 after acquiring an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Carnival Price Performance

Shares of NYSE:CUK opened at $24.06 on Monday. The company has a 50 day moving average of $28.80 and a 200 day moving average of $27.50. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96. The stock has a market cap of $4.53 billion, a P/E ratio of 10.69 and a beta of 2.46. Carnival has a 12 month low of $13.65 and a 12 month high of $33.72.

Carnival (NYSE:CUK) last posted its earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 27.89%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. As a group, sell-side analysts forecast that Carnival will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CUK has been the subject of several recent research reports. Zacks Research upgraded Carnival to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings raised Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Carnival Company Profile

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.