Carnival PLC (NYSE:CUK) shares saw an uptick in trading volume on Tuesday . 1,084,962 shares changed hands during trading, an increase of 161% from the previous session’s volume of 416,108 shares.The stock last traded at $46.97 and had previously closed at $48.14.

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

The company’s 50-day moving average is $47.03 and its 200 day moving average is $49.48. The company has a market cap of $35.03 billion and a P/E ratio of 16.20.

In other news, CEO Michael Olaf Thamm sold 9,590 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of GBX 49.58 ($0.65), for a total transaction of £4,754.72 ($6,278.52). Following the completion of the sale, the chief executive officer now directly owns 52,721 shares of the company’s stock, valued at £26,139.07 ($34,516.14). The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

A hedge fund recently bought a new stake in Carnival PLC stock. Cibc World Markets Corp bought a new stake in shares of Carnival PLC (NYSE:CUK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 436,903 shares of the company’s stock, valued at approximately $23,802,000. Cibc World Markets Corp owned 0.06% of Carnival PLC as of its most recent SEC filing.

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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