Unusual Put Option Trade in Carnival (CCL) Worth $187.00K

On March 30, 2023 at 13:02:22 ET an unusually large
$187.00K block of Put contracts in Carnival
(CCL) was bought,
with a strike price of $10.00 / share, expiring in 295 days (on January 19, 2024).
Fintel tracks all large options trades, and the premium spent on this trade was 1.76 sigmas above the mean, placing it in the 95.84 percentile of all recent large trades made in CCL options.

This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.

Analyst Price Forecast Suggests 11.45% Upside

As of March 28, 2023,
the average one-year price target for Carnival is $11.02.
The forecasts range from a low of $6.87 to a high of $18.90.
The average price target represents an increase of 11.45% from its latest reported closing price of $9.89.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Carnival
is $21,588MM, an increase of 44.12%.

The projected annual non-GAAP EPS
is $0.51.

What is the Fund Sentiment?

There are 1162 funds or institutions reporting positions in Carnival.

This is a decrease
of
11
owner(s) or 0.94% in the last quarter.

Average portfolio weight of all funds dedicated to CCL is 0.06%,
a decrease
of 9.41%.

Total shares owned by institutions increased
in the last three months by 4.86% to 614,393K shares.

The put/call ratio of CCL is 1.63, indicating a

bearish
outlook.

What are Large Shareholders Doing?

Public Investment Fund
holds 50,831K shares

representing 4.03% ownership of the company.

No change in the last quarter.

Truist Financial
holds 36,698K shares

representing 2.91% ownership of the company.

In it’s prior filing, the firm reported owning 36,697K shares, representing
an increase
of 0.00%.

The firm

increased

its portfolio allocation in CCL by 5.14% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 30,451K shares

representing 2.41% ownership of the company.

In it’s prior filing, the firm reported owning 29,311K shares, representing
an increase
of 3.74%.

The firm

increased

its portfolio allocation in CCL by 10.00% over the last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares
holds 23,286K shares

representing 1.84% ownership of the company.

In it’s prior filing, the firm reported owning 22,721K shares, representing
an increase
of 2.43%.

The firm

increased

its portfolio allocation in CCL by 7.93% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares
holds 23,150K shares

representing 1.83% ownership of the company.

In it’s prior filing, the firm reported owning 22,376K shares, representing
an increase
of 3.35%.

The firm

increased

its portfolio allocation in CCL by 9.28% over the last quarter.

Carnival Background Information
(This description is provided by the company.)

Carnival Corporation & plc is one of the world’s largest leisure travel companies with a portfolio of nine of the world’s leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.