Latest news with #DavidBernstein
Yahoo
05-07-2025
- Business
- Yahoo
Insiders Of Carnival Corporation & Retain US$2.8m Of Investment Selling At Higher Prices
While Carnival Corporation & plc (NYSE:CCL) shareholders have had a good week with the stock up 14%, they shouldn't let their guards down. In spite of the relatively cheap prices, insiders made the decision to sell US$2.8m worth of stock in the last 12 months. This could be a warning indicator of vulnerabilities in the future. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Over the last year, we can see that the biggest insider sale was by the CFO & Chief Accounting Officer, David Bernstein, for US$2.4m worth of shares, at about US$22.84 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$29.96. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 43% of David Bernstein's holding. Carnival Corporation & insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below! View our latest analysis for Carnival Corporation & If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar). The last three months saw significant insider selling at Carnival Corporation &. Specifically, CFO & Chief Accounting Officer David Bernstein ditched US$2.4m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap. For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Carnival Corporation & insiders own 6.4% of the company, worth about US$2.6b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. An insider hasn't bought Carnival Corporation & stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Carnival Corporation & is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Carnival Corporation & (of which 1 makes us a bit uncomfortable!) you should know about. Of course Carnival Corporation & may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
05-07-2025
- Business
- Yahoo
Insiders Of Carnival Corporation & Retain US$2.8m Of Investment Selling At Higher Prices
While Carnival Corporation & plc (NYSE:CCL) shareholders have had a good week with the stock up 14%, they shouldn't let their guards down. In spite of the relatively cheap prices, insiders made the decision to sell US$2.8m worth of stock in the last 12 months. This could be a warning indicator of vulnerabilities in the future. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Over the last year, we can see that the biggest insider sale was by the CFO & Chief Accounting Officer, David Bernstein, for US$2.4m worth of shares, at about US$22.84 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$29.96. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 43% of David Bernstein's holding. Carnival Corporation & insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below! View our latest analysis for Carnival Corporation & If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar). The last three months saw significant insider selling at Carnival Corporation &. Specifically, CFO & Chief Accounting Officer David Bernstein ditched US$2.4m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap. For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Carnival Corporation & insiders own 6.4% of the company, worth about US$2.6b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. An insider hasn't bought Carnival Corporation & stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But it is good to see that Carnival Corporation & is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Carnival Corporation & (of which 1 makes us a bit uncomfortable!) you should know about. Of course Carnival Corporation & may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Travel Weekly
24-06-2025
- Business
- Travel Weekly
Carnival Corp. raises full-year guidance after a lucrative Q2
Carnival Corp. on Tuesday reported record revenue for an eighth consecutive quarter with margins the company hasn't seen in nearly 20 years, said CEO Josh Weinstein. Second-quarter revenue of $6.3 billion was nearly 9% higher than the $5.8 billion reported a year earlier. Net income was $565 million, up from $92 million last year. The company saw volatility in bookings in April, though pricing strengthened in May and has improved even more thus far in June, Weinstein said. He also said close-in bookings and onboard spending were "incredibly strong" in Q2. The company's 2026 prices are currently at historic highs, and next year's booked position is similar to last year's record pace. Customer deposits were at an all-time high of $8.5 billion in the second quarter, Carnival Corp. said. Net yields, adjusted cruise costs, adjusted net income and adjusted EBITDA all outperformed March guidance. The company has raised its guidance for the full year. In the third quarter, it expects a year-over-year increase in net yields and higher adjusted cruise costs due to the cost of opening private Bahamian destination Celebration Key this July, plus higher advertising costs. Carnival Cruise Line's new rewards program, which launches in June 2026, will not add any meaningful costs, said CFO David Bernstein, and is expected to have a positive impact on yields about two years after the launch. War between the U.S. and Israel versus Iran has not impacted Carnival, but it "is all unfolding too quickly in real time to try to project how it could impact our future business," Weinstein said.
Yahoo
13-06-2025
- Business
- Yahoo
Carnival Corporation & plc Announces New $4.5 Billion Revolving Credit Facility to Upsize and Extend the Company's Revolver Capacity
MIAMI, June 13, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) (the "Company") today announced that it has successfully arranged a new $4.5 billion multi-currency revolving credit facility (the "New Revolver"). The New Revolver matures in June 2030 and will replace the existing multi-currency revolving credit facility of Carnival Holdings (Bermuda) II Limited, a subsidiary of Carnival Corporation. The New Revolver also contains an accordion feature, allowing for up to $1.0 billion of additional revolving commitments. "This 50 percent increase in our revolver meaningfully enhances our liquidity, providing opportunities to continue accelerating our debt reduction efforts," said David Bernstein, Chief Financial Officer. "Securing this significant upsize and extension to our revolver, on more favorable terms, also reflects confidence in our continued performance and achieves another milestone toward rebuilding our financial fortress." According to Bernstein, the New Revolver is a testament to the Company's continued business improvement and strong banking relationships. The New Revolver will be unsecured and initially guaranteed on an unsecured basis by the same subsidiaries of the Company that guarantee the Company's senior secured term loan facilities. Carnival Corporation and Carnival plc, each as a borrower, are entering into the New Revolver with a global syndicate of financial institutions and JPMorgan Chase Bank, N.A., as administrative agent. About Carnival Corporation & plc Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn. Cautionary Note Concerning Forward-Looking Statements Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the financing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows and liquidity and other events which have not yet occurred. Forward-looking statements reflect management's current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption "Risk Factors" in our most recent annual report on Form 10-K, as well as our other filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained by visiting the Investor Relations page of our website at or the SEC's website at Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View original content: SOURCE Carnival Corporation & plc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Insiders At Carnival Corporation & Sold US$2.8m In Stock, Alluding To Potential Weakness
Many Carnival Corporation & plc (NYSE:CCL) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, if numerous insiders are selling, shareholders should investigate more. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The CFO & Chief Accounting Officer, David Bernstein, made the biggest insider sale in the last 12 months. That single transaction was for US$2.4m worth of shares at a price of US$22.84 each. That means that even when the share price was slightly below the current price of US$23.22, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 43% of David Bernstein's stake. Insiders in Carnival Corporation & didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Carnival Corporation & If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar). The last three months saw significant insider selling at Carnival Corporation &. Specifically, CFO & Chief Accounting Officer David Bernstein ditched US$2.4m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap. For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Carnival Corporation & insiders own 6.7% of the company, currently worth about US$2.0b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. An insider sold Carnival Corporation & shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Carnival Corporation & is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 2 warning signs for Carnival Corporation & (1 doesn't sit too well with us!) and we strongly recommend you look at them before investing. Of course Carnival Corporation & may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
