0.9 is Carnival PLC’s (NYSE:CUK) Institutional Investor Sentiment
Sentiment for Carnival PLC (NYSE:CUK)
Carnival PLC (NYSE:CUK) institutional sentiment increased to 0.9 in Q2 2016. Its up 0.06, from 0.84 in 2016Q1. The ratio improved, as 44 investment professionals opened new or increased holdings, while 49 reduced and sold their equity positions in Carnival PLC. The investment professionals in our partner’s database now own: 5.00 million shares, up from 4.93 million shares in 2016Q1. Also, the number of investment professionals holding Carnival PLC in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 8 Reduced: 41 Increased: 29 New Position: 15.
Carnival plc is a leisure travel company. The company has a market cap of $35.89 billion. The Company’s divisions include North America, and Europe, and Australia & Asia . It has a 16.92 P/E ratio. The Company’s North America segment includes Carnival Cruise Lines, Princess Cruises (Princess), Holland America Line and Seabourn.
About 118,366 shares traded hands. Carnival plc (ADR) (NYSE:CUK) has declined 1.44% since January 28, 2016 and is downtrending. It has underperformed by 16.10% the S&P500.
Analysts await Carnival plc (ADR) (NYSE:CUK) to report earnings on September, 27.
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.”
Hansberger Growth Investors Lp holds 1.96% of its portfolio in Carnival plc (ADR) for 56,455 shares. Ota Financial Group L.P. owns 48,025 shares or 1.64% of their US portfolio. Moreover, Gratry & Co Llc has 1.4% invested in the company for 39,626 shares. The Illinois-based Thomas White International Ltd has invested 1.07% in the stock. Todd Asset Management Llc, a Kentucky-based fund reported 372,388 shares.
2016 Aug 9 @ FT
Cruise operator Carnival was a faller on Tuesday after a profit warning from a rival deepened concerns about US tourists avoiding Europe.
Norwegian Cruise Line, the industry’s number-three operator, slashed its 2016 and 2017 earnings guidance to reflect poor demand for European sailings from North America.
A weaker pound after the Brexit vote amplified the effect, as did weak pricing for Caribbean berths sailing from Miami.
Norwegian had cautioned at an investor meeting three weeks earlier that terrorism in Europe and the Middle East had affected US demand for Mediterranean cruises, its core market, so downgrades had been expected. The depth of the cuts surprised, however.
Carnival, down 2.4 per cent to £35.89, said with quarterly results in June that it would cut Med capacity by 10 per cent next year with ships moving to the more profitable Caribbean and Alaskan markets.
North American customers made up just over half of Carnival’s sales last year with close to 30 per cent of capacity deployed in Europe.
