Numis May Have Just Lost Faith in Carnival plc (NYSE:CUK)


Carnival plc (NYSE:CUK) Receives a Downgrade

The Rating of Carnival plc (NYSE:CUK) shares have been lowered by Numis from a “Add” rating to a “Hold” rating in a recent research report shared with investors on Tuesday morning.

The stock decreased 1.25% or $0.66 during the last trading session, striking $52. Approximately shares of stock traded hands. Carnival plc (ADR) (NYSE:CUK) has risen 17.09% since May 6, 2015 and is uptrending. It has outperformed by 17.89% the S&P500.

Numis May Have Just Lost Faith in Carnival plc (NYSE:CUK)

Analysts await Carnival plc (ADR) (NYSE:CUK) to reports earnings on December, 18. They expect $0.40 earnings per share, up 48.15% or $0.13 from last year’s $0.27 per share. CUK’s profit will be $306.77 million for 32.50 P/E if the $0.40 EPS becomes reality. After $1.75 actual earnings per share reported by Carnival plc (ADR) for the previous quarter, Wall Street now forecasts -77.14% negative EPS growth.

The overall sentiment of institutions has increased to 2.1 in Q2 2015. Its up 0.71, from 1.39 in 2015Q2. The ratio is positive, as 11 institutions have sold all the shares of Carnival plc (ADR) that they owned while 19 funds have taken shares off the table. 31 funds have purchased shares for the first time while 32 added to their positions. These institutions now hold 4.10 million shares or 5.08% less than the 4.32 million shares they owned in 2015Q2.

The Fund Gratry & Co Llc currently is holding shares equating to 3.62% of its total portfolio in Carnival plc (ADR) representing a total of 114,010 shares. Another fund,Hansberger Growth Investors Lp, is holding a total of 67,297 shares equating to 2.49% of their holdings. Additionally, Causeway Capital Management Llc has a 349,367 share stake in Carnival plc (ADR) which represents 0.36% of their total portfolio. The Fund, Todd Asset Management Llc, based out of Kentucky, has also built up a stake in the stock, which represents a total of 0.27% of their total portfolio. Finally Waverton Investment Management Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 66,777 shares.

Insider activity is a very important aspect to track on any stock. Going back to May 11, 2015, shareholders of Carnival plc (ADR) have witnessed 0 buys, and a total of 3 insider sales equating to a net activity of approximately $1.12 million . Donald Arnold W sold 5,000 shares worth approximately $249,741. Thamm Michael Olaf sold 6,943 shares worth approximately $351,611. Glasier Richard sold 10,000 shares worth approximately $520,426.

Carnival plc is a cruise vacation company. The company has a market cap of $39.88 billion. The Firm has three cruise divisions that consist of North America cruise brands, Europe, Australia & Asia cruise brands, and Cruise Support. It has 29.33 P/E ratio. In addition, it also has a Tour and Other segment.

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.” Get a free copy of the Zacks research report on Carnival plc (ADR) (CUK).