Carnival PLC (NYSE:CUK) saw strong trading volume on Wednesday . 523,776 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 565,022 shares.The stock last traded at $47.23 and had previously closed at $46.14.

Separately, Zacks Investment Research raised shares of Carnival PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Thursday, April 28th.

The company has a market capitalization of $34.85 billion and a price-to-earnings ratio of 16.12. The company has a 50 day moving average price of $47.35 and a 200-day moving average price of $50.00.

In other news, CEO Michael Olaf Thamm sold 9,590 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of GBX 49.58 ($0.66), for a total value of £4,754.72 ($6,305.16). Following the completion of the transaction, the chief executive officer now owns 52,721 shares in the company, valued at approximately £26,139.07 ($34,662.61). The sale was disclosed in a document filed with the SEC, which is available at this link.

A number of hedge funds have modified their holdings of the company. Cibc World Markets Corp acquired a new stake in shares of Carnival PLC during the fourth quarter worth $23,802,000. Sei Investments Co. boosted its stake in shares of Carnival PLC by 343.8% in the fourth quarter. Sei Investments Co. now owns 54,532 shares of the company’s stock worth $3,104,000 after buying an additional 42,245 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Carnival PLC by 7,092.6% in the fourth quarter. Bank of Montreal Can now owns 37,689 shares of the company’s stock worth $2,145,000 after buying an additional 37,165 shares in the last quarter.

Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, and Australia & Asia (EAA). Its North America segment includes Carnival Cruise Lines, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (United Kingdom), P&O Cruises (Australia) and Cunard.

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