Carnival plc (CUK) Sees Significant Decrease in Short Interest

Carnival plc (NYSE:CUK) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 500,151 shares, a decline of 36.1% from the September 28th total of 782,290 shares. Based on an average daily volume of 250,166 shares, the days-to-cover ratio is currently 2.0 days.

In other news, CEO Michael Olaf Thamm sold 46,290 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $56.93, for a total transaction of $2,635,289.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Arnaldo Perez sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $64.26, for a total value of $449,820.00. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of CUK. Checchi Capital Advisers LLC acquired a new position in shares of Carnival during the third quarter worth approximately $205,000. LPL Financial LLC acquired a new position in shares of Carnival during the first quarter worth approximately $211,000. We Are One Seven LLC acquired a new position in shares of Carnival during the third quarter worth approximately $214,000. CWM LLC lifted its holdings in shares of Carnival by 3,472.2% during the third quarter. CWM LLC now owns 4,108 shares of the company’s stock worth $259,000 after buying an additional 3,993 shares during the last quarter. Finally, Cowen Inc. acquired a new position in shares of Carnival during the second quarter worth approximately $317,000. Institutional investors own 4.12% of the company’s stock.

Shares of CUK stock opened at $56.64 on Friday. Carnival has a 12 month low of $53.09 and a 12 month high of $72.29. The company has a market cap of $11.13 billion, a PE ratio of 14.85 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.22 and a quick ratio of 0.17.

Carnival (NYSE:CUK) last issued its quarterly earnings results on Thursday, September 27th. The company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.09. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The company had revenue of $5.84 billion during the quarter. Equities analysts anticipate that Carnival will post 4.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.53%. Carnival’s dividend payout ratio (DPR) is presently 52.36%.

About Carnival

Carnival plc operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.

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